On April 29, 2025, on-chain analyst EmberCN reported that a wallet linked to the project transferred a total of 1.346 million TRUMP tokens to three major exchanges. The value of this transfer was recorded at $19.53 million.

According to data from Arkham Intelligence, the tokens were distributed as follows:

• 700,000 tokens (~$10.21 million) sent to Binance,

• 350,000 tokens (~$5.08 million) sent to OKX,

• 296,000 tokens (~$4.32 million) sent to Bybit.

It is believed that the wallet is either managed by an insider or directly connected to the project team, holding over $150 million worth of TRUMP tokens. The tokens were funded through another wallet labeled “7qtDv”.

Although the exact reason for these transfers remains unclear, such significant movements are typically interpreted as preparations for potential sales. Additionally, insider token unlocks had already begun earlier this month.

Sharp Drop in Trump Token Price

Amidst this activity, the TRUMP token’s price dropped sharply. Data shows that in the last 24 hours, the price fell by 9%, reaching $13.78. This marks a notable pullback from recent highs.

This wave of selling came shortly after excitement around a special dinner event with Donald Trump, which initially fueled strong interest and on-chain activity in the token.

On-Chain Activity and Record Trading Volume

Blockchain analytics firm Kaiko reported a 200% surge in TRUMP token trading volume following the announcement of the dinner event. Around 10,000 different wallets engaged in TRUMP transfers during this period, generating a total on-chain transaction volume of $2.4 billion, making it the busiest trading day of April.

The data indicated that most transactions originated from smaller wallets holding less than $100,000 worth of TRUMP tokens.

Meanwhile, trading volume on centralized exchanges also skyrocketed. On April 29 alone, TRUMP recorded the highest daily trading volume among all meme coins, surpassing competitors including DOGE, and accounted for nearly 50% of the total meme coin trading volume on centralized platforms.

Although volumes have cooled somewhat since the initial surge, Kaiko noted that interest may rise again. That’s because the top 220 wallets with the highest average TRUMP holdings between April 23 and May 12 will qualify for the dinner event.

Currently, the user known as “Sun” leads the competition with over 1 million time-weighted TRUMP holdings, while the “REAL” wallet sits in 220th place with just over 1,002 time-weighted TRUMP tokens.

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The post Massive Movement in Trump Token: Wallets Linked to the Team Make Major Transfers! appeared first on Coin Engineer.

According to NBC News, Ossoff said, “I saw just 48 hours ago; he’s granting audiences to people who buy his meme coin,” arguing that selling access to the President for financial gain constitutes an impeachable offense.

The Senator added that impeachment would be difficult unless the Democratic Party retakes control of Congress in the 2026 midterm elections. Currently, Trump’s Republican Party holds a majority in both the House and the Senate.

Private Dinner Invitation for TRUMP Coin Holders

On April 23, the official TRUMP token website announced that President Trump would host an exclusive dinner at his Washington, DC golf club for the top 220 TRUMP wallet holders.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The website published a leaderboard to track eligible wallets and specified that participants must pass background checks and cannot be from any country flagged in Know Your Customer (KYC) watchlists. Guests are not allowed to bring additional companions.

Following the announcement, the TRUMP token price surged by more than 50%. However, on April 25, the TRUMP team denied rumors that participants would need to hold at least 300,000$ worth of TRUMP to attend, clarifying that the official leaderboard is the only accurate source.

Conflict of Interest Concerns Rise

Legal experts have raised serious concerns about potential conflicts of interest surrounding Trump’s cryptocurrency ventures, including the TRUMP memecoin and the Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial.

Charlyn Ho of law firm Rikka emphasized that several executive orders signed by Trump significantly impact the crypto and digital assets industry, warning that “if he derives personal financial benefits from his own policies, that’s a conflict of interest.”

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The post US Senator Calls for Trump’s Impeachment Over Memecoin Dinner Plans appeared first on Coin Engineer.

Trump’s TRUMP Memecoin Project Earns $350 Million

According to an analysis by the Financial Times, U.S. President Donald Trump’s cryptocurrency project, the Official Trump memecoin (TRUMP), has generated at least $350 million in revenue since its launch.

Entities involved in the TRUMP memecoin operations earned at least $314 million from token sales and $36 million from fees on the Solana blockchain, as reported on March 7.

While Trump’s personal earnings remain unclear, the memecoin’s official website, Gettrumpmemes.com, states that Trump Organization-affiliated CIC Digital and Delaware-based Fight Fight Fight own 80% of the tokens.

The Financial Times tracked the TRUMP tokens from their creation to their transfer into official wallets and their subsequent sale on Solana-based trading platforms, calculating the total earnings.

How Many Trump Memecoins Are There?

Trump launched the TRUMP memecoin a few days before his return to the White House on January 20. The launch involved minting 1 billion TRUMP tokens; 200 million tokens were released in the first batch, and the remaining 800 million will be released over the next three years.

According to the FT report, 158 million tokens were deposited into a liquidity pool, allowing investors to purchase them with Circle’s USDC stablecoin. However, sales and purchases raised concerns about price manipulation.

Trump-linked accounts reportedly sold tokens at a low price before injecting $291 million back into another liquidity pool to support the market.

Additionally, between January 19-20, Trump accounts spent $1 million purchasing their own tokens at $33.20 each to stabilize the price.

Legal Regulations for Presidential Memecoins Coming

The price of the TRUMP memecoin dropped 82% from its peak of $75 on January 19, falling to $13.50. Despite this, 831 million tokens still held by Trump-affiliated accounts are estimated to have a notional value of $10.8 billion.

Presidential memecoins continue to stir debate in the crypto world, with 700 copycat tokens emerging and potential links to the Libra token scandal promoted by Argentine President Milei.

Representative Sam Liccardo has proposed a draft bill aiming to ban presidential memecoins. Additionally, New York Assembly Member Clyde Vanel introduced a bill seeking to protect investors from rug pulls.

The SEC has noted that memecoins are not subject to securities laws and has directed their regulation to other authorities.

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