TRUMP Coin: Price Surge Sparks Controversy Amidst Political Scrutiny

The price of TRUMP Coin has sparked controversy amidst a surge in investor interest and political response. The PolitiFi token, linked to former President Donald Trump, saw significant transfers from its team’s wallet to exchanges, raising concerns about market manipulation. On-chain data reveals the transfer of $19.6 million worth of tokens from a linked TRUMP Coin team wallet to centralized exchanges like Binance, OKX, and Bybit. This influx led to a price increase exceeding 70% in just a week, reaching a high of $13.95, but also triggered concerns about selling pressure.