A surprising move came from US President Donald Trump’s own token, TRUMP.
According to a post by on-chain analyst EmberCN, the TRUMP team moved $19.5 million worth of TRUMP to major cryptocurrency exchanges.
An address believed to be connected to the team behind the memecoin TRUMP transferred 1.346 million TRUMP (approximately $19.53 million) to centralized exchanges (CEXs) hours ago.
Of this amount, 700,000 TRUMP (about $10.21 million) was sent to Binance, 350,000 TRUMP (about $5.08 million) to OKX, and 296,000 TRUMP (about $4.32 million) to Bybit.
Investments in stocks are often seen as an indication of intent to sell, while pullbacks usually indicate a holding strategy. However, not all investments in stocks necessarily result in sales.
After rumors that Donald Trump would meet with TRUMP token holders for a dinner turned out to be true, there was a huge increase in the price of TRUMP. TRUMP, which has increased by 70.9 percent in the last 7 days, is at $ 14.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/donald-trump-didnt-miss-the-big-rise-he-started-selling-altcoins-heres-what-they-did/