The famend PolitiFi token TRUMP coin has not too long ago seen a surge in worth and investor exercise, rising as a scorching buzz inside the crypto market amid Donald Trump’s dinner invitation to its holders. Nonetheless, a peculiar dumping spree taken on by the meme token’s crew has sparked considerations market-wide currently.
On-chain statistics indicated that the crew offloaded $20 million price of tokens to crypto exchanges on April 29. In the meantime, in an unprecedented plot twist, Democratic senators pushed for an inquiry into the upcoming dinner for token holders, which seems to have solidified considerations amid the large dump.
TRUMP Coin Workforce Offloads $20M To Crypto Exchanges
Lookonchain’s X post on April 29 revealed {that a} pockets linked to the TRUMP coin crew has deposited a whopping $19.6 million price of tokens to the crypto trade behemoths Binance, OKX, and Bybit.
As per the info, 700,000 tokens price $10.21 million have been dumped to Binance. Whereas, 350,000 and 296,000 tokens have been offloaded to the CEXs OKX and Bybit, respectively.
Primarily, the large deposits highlighted above point out that the token provide on exchanges rose significantly. In response, market watchers eye the dumps with some warning, whereas the latest probe into Donald Trump’s upcoming dinner has rung additional alarms.
Democrats Push For Inquiry Into The Upcoming Dinner
U.S. Sen Adam B. Schiff and Elizabeth Schiff have not too long ago known as for an inquiry into the upcoming Donald Trump dinner for prime buyers in his PolitiFi token. Notably, the Senators have requested U.S. Workplace of Authorities Ethics Director Jamieson Greer to launch a probe into the matter.
“We write to request an pressing inquiry concerning President Trump’s invitation for prime buyers in his meme coin, $TRUMP, to hitch him at an intimate non-public dinner and personal VIP reception, which led to a subsequent surge in funding within the President’s digital asset that elevated its worth by roughly $100 million,” Schiff & Warren wrote of their submitting.
The dinner for the highest 220 buyers within the PolitiFi token will happen on Might 22, 2025. Intriguingly, CoinGape reported that market watchers imagine TRON founder Justin Sun is attending this dinner, amongst many different famend personalities.
In the meantime, the PolitiFi token’s worth traded at $13.95 on the time of reporting, extending weekly positive aspects to just about 70% amid the President’s dinner buzz. Nonetheless, regardless of the optimistic buzz, a TRUMP coin price prediction by CoinGape revealed that bears stay dominant on the token, per the 3-month bias indicator.
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