US Senators Seek Documents on TRUMP Token as Whale Withdrawals Hit $2.7 Million

US Senators Seek Documents on TRUMP Token as Whale Withdrawals Hit $2.7 Million

N
News Editor 01
2026-07-23 19:30:15
Three US senators have requested documents related to the TRUMP token. The token traded at $2.86, down 4% in 24 hours, while large holders withdrew $2.7 million worth from exchanges ahead of an April 25 event.
TRUMP tokenPEPESenate probememe coins

US Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have requested documents from Fight Fight Fight LLC regarding the promotion and financial ties linked to the Official Trump (TRUMP) token. The source material, citing Coinbase, said the document request was tied to the TRUMP token conference. The market reaction was weak: TRUMP traded at $2.86, down 4% over 24 hours.

$2.7 million in TRUMP leaves exchanges

According to BeInCrypto, large holders withdrew $2.7 million worth of TRUMP from exchanges to secure eligibility for the April 25 Mar-a-Lago gala. That puts political scrutiny and on-chain positioning in the same frame. Price action, for now, shows the token still under pressure.

PEPE holds at $0.0000037

Pepe (PEPE) was quoted at $0.0000037. The material said Canary Capital filed an S-1 for the first spot PEPE ETF on April 17, keeping ETF speculation in focus. It also cited $39.78 million in derivatives inflows, while PEPE’s market capitalization stood at about $1.63 billion. The token remains roughly 85% below its all-time high of $0.00002803.

Pepeto promotion takes up much of the source article

The second half of the source text focused heavily on Pepeto (PEPETO), presenting it as a presale opportunity. It claimed the project had raised $9.45 million, listed a presale price of $0.0000001866, and promoted a projected listing price of $0.00005 alongside return calculations. The material also said the contracts were audited by SolidProof, while mentioning cross-chain support, zero-fee trading, and 178% APY staking.

Those sections, however, were framed as project promotion and included direct marketing language, especially the claim that $4,000 could become $1 million. The core news angle remains the Senate document request tied to the TRUMP token, along with the price and fund-flow moves seen in TRUMP and PEPE during the same news cycle.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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