Whales Withdraw $15M in TRUMP Tokens From Binance

Crypto whales have moved millions of dollars’ worth of TRUMP tokens off the Binance exchange. On-chain data shows that several wallets withdrew large amounts of the token within a short time. According to Lookonchain, more than 4.5 million TRUMP tokens left Binance in the past 12 hours. 

At current prices, the transfers are worth about $15 million. Such large withdrawals often attract attention in the crypto market. Traders watch these moves closely because they may signal accumulation or long-term holding.

New Wallets Move Millions of TRUMP Tokens

Data from Lookonchain shows that three newly created wallets withdrew 2.54 million TRUMP tokens from Binance. The transfers happened within about 12 hours. The tokens were worth around $8.8 million at the time of the withdrawals.

The wallets appeared shortly before the transfers took place. This pattern sometimes suggests a fresh accumulation strategy. In many cases, investors move tokens from exchanges to private wallets when they plan to hold them. But the identity behind these wallets remains unknown.

Whale Investor Also Joins the Move

Another large investor also made a major withdrawal. A whale wallet known as DNTpoX withdrew 2 million TRUMP tokens from Binance. This transfer happened within about six hours. The tokens were worth around $6.9 million at the time.

Blockchain records show the same wallet was active in other political memecoins before. Last year, this investor reportedly lost about $15.68 million while trading the MELANIA token. Some traders believe the whale may be trying a new strategy with the TRUMP token.

On-Chain Data Confirms the Transfers

Blockchain tracking tools show the transfers clearly on the network. Arkham Intelligence data confirms that the tokens moved directly from Binance wallets to the new addresses. Large withdrawals like these reduce the amount of tokens sitting on exchanges. In some cases, this can lower immediate selling pressure. But it doesn’t always guarantee that the tokens will stay off exchanges for long. Crypto analysts often watch these movements. Whale activity can influence short-term market trends.

Memecoin Market Remains Volatile

Political memecoins like TRUMP have seen sharp price swings in recent months. Their prices often react quickly to social media trends and whale activity. Recent market data shows the TRUMP token price jumped more than 20% in 24 hours. Some traders link this surge to the recent whale withdrawals.

Still, memecoins remain highly volatile assets. Prices can rise quickly. But they can also fall just as fast. For now, the latest withdrawals suggest that some large investors are paying close attention to the TRUMP token. Whether this leads to a longer rally will depend on future demand and market sentiment.

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