Official Trump Team Deposits $15.5 Million of TRUMP Tokens to OKX
JOON HYOUNG LEE
Summary
- The team behind President Donald Trump’s meme coin Official Trump (TRUMP) deposited a large amount of its own tokens to an exchange.
- According to Lookonchain, the Official Trump team deposited about 646,000 Official Trump tokens to global cryptocurrency exchange OKX in two transactions.
- The deposit was worth about $15.5 million at current prices, and deposits to exchanges are typically interpreted as a sell signal.
Forecast Trend Report by Period
The team behind President Donald Trump’s meme coin Official Trump, or TRUMP, deposited a large amount of the token to an exchange.
Lookonchain and other sources said the Official Trump team transferred about 646,000 TRUMP tokens to global cryptocurrency exchange OKX in two transactions on Aug. 23. The tokens were worth about $15.5 million at current prices.
Deposits to exchanges are typically interpreted as a sell signal.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul