TRUMP Token Holdings Plummet: $20 Million Deposited on Bybit Amid Market Making Strategies

On January 19th, COINOTAG reported a notable shift in the TRUMP team’s token distribution, as indicated by recent on-chain data. The data reveals a decrease in token holdings, with a segment allocated as single-sided liquidity to a designated pool. Meanwhile, another segment appears to have been transferred to a centralized exchange (CEX) or earmarked for market making activities. This movement has caught the attention of industry analysts, including prominent crypto influencer Conor, who indicated that nearly all circulating tokens are either being sold into the market or utilized for liquidity provisioning. He pointed out that these actions may reflect a strategy of reallocating assets rather than outright sales. Notably, within the last seven hours, the TRUMP team has deposited approximately $20 million worth of tokens onto Bybit, likely for enhancing market liquidity.