The team behind Trump Mimi, a digital asset connected to the brand of US President Donald Trump, transferred 3.527 million symbols (equivalent to about 32.8 million dollars) to Binance.
This deal is the latest in a series of important symbolic sediments of central exchanges, which raises new concerns about the team’s intentions and the potential impact on the stability of the market.
Nearly $ 150 million was transferred from Trump’s symbols
Blockchain Lookonchain Analysis platform I mentioned This last transfer, made on June 21, is part of a larger style.
Since late April, the team has sent more than 12.5 million Trump symbols, which is valued at more than $ 150 million, to stock exchanges including Binance, OKX and Bybit.
Market experts warn that these repeated sediments of large size exchanges without transparent contact can increase uncertainty and lead to low prices.
However, the project representatives previously claimed that the movement of symbols aimed at supporting liquidity and ensuring smooth circulation conditions. They also mentioned that the distinctive symbols came from a portfolio specially created for this purpose during the project launch phase.
Despite these assurances, the market value of the distinctive symbol continued to decline.
According to Beincrypto data, Trump has been about 6 % over the past day and is currently hovering near $ 8.68 until the time of the press. Since its first appearance in January, the value of the distinctive symbol has decreased by about 90 % of its peaks, which is more than $ 75.
Meanwhile, the controversy surrounding the distinctive symbol does not stop at market activity. There is also a continuous political scrutiny surrounding the symbol relations with US President Donald Trump, which increases the complexity of the feelings surrounding the MG currency.
For the context, American actor Brad Sherman recently accused Tijk of planning to spend $ 300 million on Trump’s symbols in an attempt to influence American policy. However, Tiktok has since denied the claim, describing it both misleading and baseless.
“Congress member, claiming that Tiktok owners buy” Trump currencies “clearly and irresponsible and does not accurately reflect a message I recorded last month,” video sharing platform I mentioned.
These issues mean that Trump’s expectations are still unconfirmed due to the increasing doubts about the benefit of the distinctive symbol and the low continuous prices.
Disintegration
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