Trump-linked wallet sells $2.9M in TRUMP tokens
- A wallet linked to the Trump team sold 1.1 million TRUMP tokens for $2.94 million USDC.
- The sale followed a transfer of 3.837 million TRUMP tokens worth about $9.33 million to OKX.
- The wallet’s ownership has not been officially confirmed.
A wallet associated with the Trump team sold 1.1 million TRUMP (CRYPTO:TRUMP) tokens for $2.94 million USDC, according to EmberCN.
The sale took place one day after the same wallet transferred 3.837 million TRUMP tokens to OKX.
The transferred tokens were worth about $9.33 million at the time, bringing the two-day movements above $12 million.
EmberCN tracked the transactions using on-chain data from the wallet, which has previously been linked to the Trump team.
The wallet’s exact owner has not been officially confirmed, so the Trump team connection remains an attribution reported by other outlets.
The sale converted part of the TRUMP holdings into USDC, a stablecoin, but its purpose remains unclear.
The movements may affect short-term market sentiment, but the transactions alone do not establish where the TRUMP token price will move next.
Frequently asked questions
More from Crypto
Trump-linked tokens led crypto losses after midterm vote
Zcash grants committee drops proposed 98,000 ZEC transfer
Block faces proposed $764 million DOJ payment
South Korea's ruling party backs two-year crypto tax delay
Democrats’ midterm gains put crypto policy in flux
ZachXBT names French bank in alleged $133M theft
