Onchain monitoring cited by BlockBeats shows that 3.706 million TRUMP tokens were transferred from the custody hot wallet of Ceffu, Binance’s institutional custody platform, to Binance on Aug. 24. The report valued the transfer at about $9.27 million. BlockBeats said the move could indicate that the tokens are about to be sold. The update was published as a 7x24 flash item, with the claim attributed to OnchainLens. No additional details on the wallet owner or any completed sale were provided in the source. The report focused only on the transfer itself, the amount involved, the estimated dollar value, and the possibility of an imminent selloff.
BlockBeats reported on Aug. 24, citing monitoring by OnchainLens, that 3.706 million TRUMP tokens were moved from the custody hot wallet of Ceffu, Binance’s institutional custody platform, to Binance.
The transfer was valued at about $9.27 million based on the figures in the report. BlockBeats said the move could signal that the tokens are about to be sold.
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