A wallet identified as CX2tAR deposited 2.2 million TRUMP tokens — worth approximately $6.29 million — to Binance roughly three hours ago.
The tokens were acquired a month ago, reportedly timed around Trump's memecoin luncheon event. At current prices, the position is underwater by an estimated $398,000.
The transfer signals the holder may be preparing to sell, adding modest sell-side pressure to the token.
Frequently asked questions
-
What might the whale do with the $TRUMP tokens after the deposit to Binance?
The whale may be preparing to sell the tokens, which could add modest sell-side pressure to the token's market.
-
How did the value of the $TRUMP tokens change since their acquisition?
The tokens were acquired for approximately $6.69 million but are now worth about $6.29 million, indicating a loss of around $398,000.
Original content
Whale CX2tAR deposited 2.2M $TRUMP($6.29M) to #Binance 3 hours ago.
He bought these tokens 1 month ago for Trump's luncheon and is now down ~$398K.
https://t.co/yeeGZgdrbA https://t.co/5b4FgpaMhe
Whale Alert
Crypto News
CoinTelegraph
WatcherGuru