Heavy selling of TRUMP tokens, the official memecoin launched by Donald Trump, continues according to on-chain data. A cryptocurrency wallet associated with developers moved 3.5 million tokens worth roughly $52.66 million to centralized exchanges, as per Lookonchain’s data. Despite being the world’s 38th largest cryptocurrency and trading at 81.6% below its all-time high of around $75, the token’s market value has plummeted to about $15 billion from its peak. Further adding to the volatility, on May 22nd, a dinner will be held for 225 major TRUMP token holders and developers announced the beginning of a new era for the token. Will this gathering spark a turnaround in the struggling altcoin? We’ll all watch together to see how it plays out. *Disclaimer: This is not investment advice.*