Is the TRUMP Meme Coin Team Selling Tokens Following Dinner Invite and Price Increase?

The latest chain analytics indicate that the team behind a trending meme cryptocurrency, which has seen a dramatic increase in value recently, has begun moving significant amounts to centralized exchanges.

The community quickly took note of this action, with many expressing concern that it could be a strategy for a market dump.

### TRUMP to Exchanges

Since its debut just before Donald Trump’s inauguration in January, the meme coin has sparked considerable debate. Issues surrounding its centralization, the token unlock schedule, along with its rapid price escalation and subsequent decline, have fueled controversy and prompted inquiries into the team and its relationship with the current president.

The price drop was arrested last week following announcements that the top 220 token holders would have the opportunity to attend an exclusive dinner at the Trump National Golf Club in Washington, D.C., slated for May 22. This news spurred crypto investors to purchase the token, resulting in a price surge of nearly 100% over a short period.

High-profile individuals, including Justin Sun, were identified as significant TRUMP holders, affording them exclusive access to a VIP reception and a private tour of the White House. Nevertheless, reports surfaced about some large investors liquidating their assets for substantial profits in response to the dinner announcement, with others betting against the asset on Hyperliquid due to expectations of another downturn.

Recent observations, however, revealed that what many had anticipated may indeed be occurring—the team behind the token is now liquidating a substantial amount following the price surge.

Although transfers to centralized exchanges don’t inevitably indicate a sell-off, it’s a reasonable assumption. The transparency of blockchain transactions begs the question of why such transfers would be made otherwise.

This has led the community to question the political ramifications of tokens associated with influential figures and their overall market effects.

### MELANIA Team Doing the Same?

While the First Lady hasn’t initiated similar offerings, the token bearing her name also recorded a slight increase recently, rising from $0.375 to above $0.55 before settling at approximately $0.44.

Meanwhile, it was noted that the MELANIA token team has started implementing a dollar-cost averaging strategy for direct sales, which coincided with the recent price peak.

Recently, it was reported that the MELANIA team had not only adjusted their liquidity but also adopted a dollar-cost averaging approach for selling tokens. They sold 1.18 million $MELANIA for 4,230 $SOL ($632K) using this strategy just a couple of days ago, and today they plan to sell an additional 2.01 million $MELANIA ($938K) with the same method.