The team behind the Trump Same Coin, based in Solana, a digital asset linked to the brand of US President Donald Trump, transferred 3.527 million tokens (equivalent to around $ 32.8 million) to Binance.
This transaction is the last in a series of deposits of important tokens with centralized exchanges, aroused new concerns concerning the intentions of the team and the potential impact on market stability.
Nearly $ 150 million in Trump token have been moved
Lookonchain blockchain analysis platform reported That this last transfer, made on June 21, is part of a larger model.
Since the end of April, the team has sent more than 12.5 million Trump tokens, worth more than $ 150 million, to exchanges, including Binance, Okx and Bybit.
Market experts warn that these frequent large -volume deposits with exchanges without transparent communication can increase uncertainty and trigger price reductions.
However, the representatives of the project previously stated that the tokens movement aimed at supporting liquidity and ensuring smooth negotiation conditions. They also said that the tokens came from a portfolio created specifically for this purpose during the project launch phase.
Despite these insurances, the market value of the token continued to decrease.
According to Beincrypto Data, Trump lost around 6% in the last day and currently oscillates nearly $ 8.68 from press time. Since its beginnings in January, the value of the token has dropped by around 90% compared to its summit more than $ 75.
Meanwhile, the controversy surrounding the token does not stop at market activity. There is also a continuous political examination surrounding the bonds of the token with American president Donald Trump, which still complicates the feelings surrounding the play of the same.
For the context, the American representative Brad Sherman recently accused Tiktok of planning to spend 300 million dollars in Trump token to try to influence American policy. However, Tiktok has since denied this allegation, calling it both deceptive and baseless.
“The Congress Member, saying that Tiktok owners buy Trump pieces ” is obviously false and irresponsible and does not even precisely reflect a letter that you signed last month”, the platform for video sharing declared.
These problems mean that Trump’s prospects remain uncertain due to increasing skepticism about the usefulness of the token and the drop in persistent prices.
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