Trump team allocation wallets deposited 5.48M TRUMP tokens to OKX, suggesting a $16M sell-off.
Macro & Markets ·
TRUMP team allocation wallets transferred 5.48 million TRUMP tokens to the OKX exchange, with observers characterizing the move as a suspected $16.06 million sell-off. The tokens were moved from a BitGo custody address within a two-hour window and traced back to the TRUMP Team Allocation address, which holds the team share of the token supply.
The same allocation wallet deposited 18.14 million TRUMP two months prior, at that time valued at approximately $81.64 million. The recent deposit represents a partial drawdown from that earlier allocation, though the timing and market conditions differ significantly from the earlier transfer.
It remains unclear whether the deposit to OKX signals an imminent sale, a gradual liquidation strategy, or repositioning ahead of market activity. No official statement from the TRUMP team regarding the deposit has been provided.