TRUMP memecoin hit a record low of $2.73 on March 12 as insiders deposited 5 million tokens ($14.4M) to Binance, extending a $31.7 million dump over two weeks.
KEY POINTS
- Team sent 10M TRUMP ($31.7M) to Binance via BitGo wallets over two weeks
- Price hit $2.73 ATL, down 96% from $73.43 January 2025 peak
- Insiders hold 80% of 1B supply; $558M unlocked since January
10M TRUMP ($31.7M) Routed to Binance in Two Weeks
A BitGo custodial wallet tied to the TRUMP team sent 5 million tokens to Binance on March 12.
OnchainLens flagged an identical 5M TRUMP ($17.3M) deposit on February 27, continuing a pattern of insider selling.
Source: @OnchainLens on X
$558M Unlocked to Insiders Since January
Both deposits came from a 32.5M token batch ($143M) unlocked from the team wallet in early February.
DeFiLlama data shows $558 million in TRUMP tokens unlocked to insiders since January.
ON-CHAIN DATA
- Insider allocation: 800M TRUMP (80% of 1B total supply)
- Circulating supply: 232.5M tokens
- Jan unlock: $558M to insiders
- Feb unlock batch: 32.5M tokens ($143M)
- Daily drip: ~$3.8M unlocking through mid-2028
TRUMP -96% From ATH; Extreme Fear at 15
TRUMP traded at $2.93 at press time, down 96% from its $73.43 all-time high set January 19, 2025.
Market cap: $680M. Volume: $299M. 7d: -9.38%. The Fear & Greed Index: 15, Extreme Fear.
Crypto Fear & Greed Index. Source: Alternative.me
$4.3B Retail Losses; 45 Wallets Made $1.2B
Combined losses across TRUMP and MELANIA tokens exceeded $4.3 billion, with nearly 2 million wallets underwater.
Only 45 early wallets, likely insiders, recorded approximately $1.2 billion in gains.
What to Watch: $3.8M Daily Unlock Through 2028
The remaining 800 million insider tokens unlock daily at ~$3.8M through mid-2028.
Exchange deposit patterns suggest continued selling pressure, while a TRUMP ETF filing from Canary Capital remains pending.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before making investment decisions.
