Galaxy Digital Moved 220,550 TRUMP Tokens Worth $3.08M to Binance

On May 12, 2025, Galaxy Digital executed a significant transfer of 220,550 TRUMP tokens, valued at approximately $3.08 million, to the cryptocurrency exchange Binance .

Galaxy Digital, the digital asset management firm founded by billionaire Mike Novogratz, transferred 220,550 TRUMP tokens to Binance.

The transfer is valued at approximately $3.08 million.

This move has raised eyebrows among crypto market watchers, who are increasingly concerned about the potential for a TRUMP token sell-off.

What Happened

On Friday, May 12, Galaxy Digital was spotted transferring a substantial amount of TRUMP tokens to Binance.

According to recent reports by crypto news outlet TokenPost, an unidentified “whale” dumped 220,550 TRUMP tokens to Binance in a single transaction. The transfer was executed at around 12:45 PM Korea time on Friday, May 12.

At the time of the transfer, the 220,550 TRUMP tokens were valued at approximately $3.08 million.

The TRUMP token, a meme-inspired cryptocurrency launched in January, has been experiencing significant volatility.

After hitting a high of over $73, the token's value has seen substantial fluctuations, which is no surprise given the token is named after a well-known political figure and is likely to be influenced by political events and broader market dynamics.

Earlier this month, crypto market watchers noticed a large TRUMP token development team wallet transferring tokens. That wallet, which is used by the TRUMP token development team, moved around 490,000 TRUMP tokens, valued at $52.66 million, to a centralized exchange.

The TRUMP token’s price has also seen a steep decline. It's currently down nearly 85% from its all-time high.

Despite recent surges, such as the increase following the announcement of exclusive events for top TRUMP holders and an event to be held in May, the token's value remains volatile.

Last December, the TRUMP token’s price plummeted after reports that the U.S. was planning to impose sanctions on several Iranian officials involved in internal security affairs. The token’s price dropped by more than 50% within a single day.

This Recent Activity Has Implications For TRUMP Token’s Future

Considering the substantial nature of the transfer by Galaxy Digital and the ongoing movements from the TRUMP token development team’s wallets, it seems there is still great uncertainty surrounding the TRUMP token’s market trajectory.

Those who hold TRUMP tokens are advised to stay vigilant and informed about any further developments that could impact the token’s performance.

As the cryptocurrency landscape evolves, monitoring the activities of institutions and large-scale token movements remains a key aspect for those navigating the complexities of digital asset investments.