MemeCore Deposits 1.391 Million TRUMP to CEX
- Large TRUMP deposit by MemeCore suggests possible market volatility.
- No official statements from MemeCore or Donald Trump.
- Potential for price shifts as tokens enter the market.
MemeCore deposited 1.391 million TRUMP tokens, valued at over $13 million, into a centralized exchange, potentially signaling significant market activity.
The deposit alerts traders to a possible liquidity shift, impacting TRUMP prices and attracting community attention.
MemeCore’s deposit of 1.391 million TRUMP tokens into a centralized exchange hints at market shifts highlighting investment interest. The move valued over $13 million, potentially influences price volatility if sold publicly.
The transaction indicates MemeCore’s significant role in TRUMP’s liquidity developments, connected to Donald Trump, the coin’s visible supporter.
Donald Trump, Former President of the United States, surprised society on 17 January 2025, three days before his inauguration, by launching the meme coin TRUMP based on the Solana blockchain. He announced the launch on his official X and Truth Social accounts. The coin’s value quickly surged, particularly when it was listed on several CEX (centralized crypto exchanges) like ByBit. — source
Tokens entering the market from large exchanges often trigger community speculation and price movement as seen with TRUMP. Despite technical steps like Tron integration, TRUMP continues to depreciate significantly.
Market observers note that large-scale token deposits often lead to downward price pressures following increased trade volumes. The crypto community remains attentive for further insights or announcements.
Historical data from similar events suggests careful monitoring of liquidity flows given the rapid rise and steep corrections typical in meme coins. Potential regulatory updates are under scrutiny though no direct actions have surfaced.
