According to cryptocurrency onchain data, heavy sales by developers continue in Official Trump (TRUMP), the official memecoin launched by US President Donald Trump.
According to data provided by analytics platform Lookonchain, a cryptocurrency wallet known to be associated with TRUMP developers moved 3.5 million TRUMP tokens worth approximately $52.66 million to centralized cryptocurrency exchanges.
The token, launched by Trump, is currently the 38th largest cryptocurrency in the world, but is trading 81.6% lower than its all-time high of around $75.
However, on May 22, Donald Trump will meet with 225 people, the largest token holders, for dinner. On this date, the developers also announced that a new era will begin for the TRUMP token.
We will all watch together whether the dinner on May 22 will be a savior for the altcoin, which had a market value of around $15 billion at its peak and whose price melted especially with token unlocks.
*This is not investment advice.
