The TRUMP Team Is Still Selling - Even 98% Below the Peak

The X account @lookonchain, which tracks so-called "smart money," reported that the team behind the Official Trump token had transferred 10.84 million TRUMP to BitGo.

BitGo is a US-based crypto custodian that also provides trading infrastructure for institutional clients. Most likely, this means the tokens are about to be sold.

That assumption is reinforced by the fact that this is already the third such transfer in recent months, and both previous transfers were followed by a significant drop in the token's price.

When TRUMP first launched and people rushed to buy it, skeptics predicted that the team behind the token would eventually dump on retail investors. So does the fact that they are selling now, after TRUMP has already lost 98% of its peak value rather than near the top, mean the skeptics were wrong?

Not at all.

The team has been selling TRUMP all along, both then and now. The price hardly matters to them, because their cost basis is effectively zero.

And if you are planning to follow the "smart money" and sell your TRUMP too, head over to rabbit.io. You can swap it for stablecoins or any other token at the best available rate.