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COINOTAG News, citing Cinder Monitor, reported that a new wallet withdrew 2.5 million TRUMP tokens from Binance within the last 12 hours, a move valued at about $18.85 million. The transfer quickly positioned the address among the largest TRUMP holders, after excluding the team’s locked contracts, liquidity pools, and known CEX wallets, according to the data stream.
From an on-chain risk perspective, the surge in concentration underscores the importance of watchlists for TRUMP token holders and liquidity providers. The wallet’s activity was detected by Cinder Monitor and reflects a larger trend where new addresses can quickly become top-tier holders, independent of team-controlled accounts.
Market participants should monitor this address for subsequent transfers and potential impact on liquidity and market depth. The development highlights the evolving on-chain distribution of the TRUMP token and reinforces the need for robust due diligence and risk controls in short-term trading strategies.
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