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Developers are dumping Tokens again in Big Memecoin! May 22 is awaited!
According to Crypto currency on-chain data, intense sell-offs are continuing by developers on the official memecoin Official Trump launched by US President Donald Trump (TRUMP).
According to the data provided by the analysis platform Lookonchain, a cryptocurrency wallet known to be associated with TRUMP developers moved approximately 3.5 million TRUMP tokens, worth about 52.66 million dollars, to centralized cryptocurrency exchanges.
The token released by Trump is currently the 38th largest crypto in the world. However, it is trading at a level that is 81.6% lower than its all-time high price of around 75 dollars.
However, on May 22, Donald Trump will meet with the 225 largest token holders at a dinner. Additionally, on this date, the developers had also announced that a new era would begin for the TRUMP token.
We will all watch whether the dinner on May 22 will be a savior for the altcoin, which has a market value of around $15 billion at its peak and has particularly seen its price erode due to token unlocks.