Trump Tokens Deposited on Coinbase: $7 Million Transaction

11 July, 2025, 04:30 PM

Onchain Lens reported a significant movement of TRUMP tokens, with an address linked to the TRUMP team depositing 7.22 million tokens, valued at approximately $7.03 million, into the Coinbase exchange. This transaction has sparked speculation within the cryptocurrency community regarding the team's intentions. Potential reasons for the deposit include profit-taking, hedging strategies, or preparing for future market movements. The relatively large sum involved suggests a potentially significant impact on the token's price, at least in the short term. Observers are keenly watching how the market reacts to this large influx of TRUMP tokens on Coinbase. Whether this is an isolated event or signals a broader strategy remains to be seen. ```