A wallet previously tied to a steep MELANIA loss has transferred its entire 2.22 million OFFICIAL TRUMP position to Binance. The move took place about one hour before the report and the tokens were worth roughly $6.82 million at the time. In meme coin trading, large exchange deposits tend to attract attention because they are often read as a possible sign of upcoming selling.
The No. 2 TRUMP leaderboard wallet sends its full position
The same wallet had bought those TRUMP tokens last month for about $7.05 million. That accumulation pushed it to second place on the project’s luncheon leaderboard. Under the points system, holders received one point per token for every hour they held, so larger balances climbed the rankings faster.
The ranking carried more than market value. Top spots were linked to access perks tied to a Trump-themed lunch event, widely described as a private Mar-a-Lago luncheon. That gave the leaderboard a social dimension, and it made the wallet’s on-chain activity far more visible than a typical meme coin address.
The same address had already drawn attention over MELANIA
This wallet was already known for a large loss in MELANIA, another political meme coin. It reportedly lost about $14.61 million on that trade last year. Shared screenshots showed an average MELANIA entry price near $2.07 before the position was closed at a loss.
A few days ago, the wallet appeared on the leaderboard and now shows the name “WJGZ”. A post relayed by Wu Blockchain on X linked the address to X user qklpj.eth, though that connection was not confirmed in the post itself.
Transfer to Binance does not confirm an immediate sale
The transfer alone does not prove that the wallet has already sold into the market. Still, moving a full position onto an exchange is enough to put traders on alert. In thinner meme coin markets, large deposits can increase near-term available supply and weigh on sentiment.
The numbers also point to a weaker TRUMP position than when the wallet entered. It spent about $7.05 million last month and moved tokens worth about $6.82 million to Binance, implying an unrealized loss of roughly $230,000 before fees. The next thing traders are watching is simple: whether those Binance balances move into the open market soon.