Ideas clave:
- More than 4.5 million TRUMP tokens, worth about $15 million, moved from Binance in 12 hours, according to Lookonchain.
- Three newly created wallets withdrew 2.54 million TRUMP tokens, valued at around $8.8 million during the transfers.
- Trump declared that the United States had already won the war against Iran at a rally in Kentucky, despite ongoing hostilities.
Large moves in TRUMP tokens on the Binance exchange have drawn attention after blockchain data revealed large withdrawals in a short period of time. On-chain monitoring platform Lookonchain reported that more than 4.5 million tokens left Binance during a 12-hour period.
The moves came alongside renewed public attention surrounding US President Donald Trump’s comments about the ongoing conflict involving US, Israeli and Iranian forces. However, the blockchain transfers themselves involved unidentified wallets and undisclosed owners.
TRUMP Tokens Withdrawn from Binance in Large Transfers
Blockchain data shows that several wallets withdrew large amounts of TRUMP tokens from Binance in about half a day. Lookonchain identified the withdrawals after tracking token movements from exchange wallets.
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In total, more than 4.5 million tokens left the trading platform. Based on current market prices, the combined value of the transfers is close to $15 million.
Newly created wallets move millions of TRUMP tokens
Lookonchain also identified three newly created wallets related to part of the withdrawals. These addresses collectively withdrew 2.54 million TRUMP tokens from Binance.
The transactions occurred within the same 12-hour period as the larger transfers. At the time of withdrawal, the tokens were estimated to be worth about $8.8 million.
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Blockchain records show that the wallets appeared shortly before the transfers occurred. The addresses then received the tokens directly from the Binance-linked wallets.
Sometimes it is necessary to create a new wallet for asset transfers from exchanges. Investors often establish new addresses before receiving funds from exchange platforms. Despite the transparency of blockchain transactions, ownership of wallets remains unknown.
Public attention around TRUMP tokens also emerged in conjunction with comments made by Donald Trump during a campaign rally in Kentucky. The rally took place on March 11, about two weeks after the conflict involving US, Israeli and Iranian forces escalated.
During the event, Trump addressed his supporters and spoke about the state of the war. He told attendees that, indeed, the result had already been decided. He claimed that the United States had already won the conflict.
Trump also claimed that Iranian military infrastructure had suffered extensive damage. According to his statements, the United States had practically destroyed Iran.
He added that US forces would continue to participate in the conflict for the time being. Trump also indicated that the operation would continue until the objectives were completed. Despite the declaration of victory, hostilities across the region have continued to escalate.
