TRUMP Insiders Dump ₱832.89 million ($14 million) to Binance at $2.73
TRUMP token insiders have extracted ₱1.89 billion ($31.7 million) across two major transfers to Binance in recent weeks, while retail investors absorbed losses at a 20-to-1 ratio against insider gains.
Key Takeaway
TRUMP insiders extracted $31.7 million while retail lost $20 for every dollar insiders made.
A BitGo custodial wallet tied to the TRUMP team moved 5 million tokens to Binance on March 12, valued at approximately ₱856.69 million ($14.4 million), according to Arkham Intelligence. Late February saw another 5 million TRUMP tokens flow to Binance through the same custody channel, worth ₱1.03 billion ($17.3 million) at the time. Combined, the two transfers represent nearly 10 million tokens worth ₱1.89 billion ($31.7 million).
On-chain analyst EmberCN said via X that both deposits came from a larger batch of 32.5 million TRUMP tokens unlocked and moved out of the team allocation wallet in early February, valued at approximately $143 million when it moved. Insiders control 80% of the token's 1 billion total supply, according to DeFiLlama data.
The TRUMP token now trades at $2.73, down 96% from its January 2025 peak of $73.43. CryptoRank reported that losses across Trump family-linked memecoins exceeded $4.3 billion, with nearly 2 million wallets underwater. Meanwhile, 45 early wallets recorded approximately $1.2 billion in gains. Insiders cashed out over $600 million through fees and token sales, while retail holders absorbed losses at a ratio of 20-to-1: for every dollar insiders earned, ordinary investors lost $20.
The transfers come as Binance faces Justice Department scrutiny over whether Iran used the platform to evade sanctions. Senator Richard Blumenthal opened an inquiry into the platform after the Wall Street Journal reported on March 11 that Iranian users accessed more than 1,500 Binance accounts. Binance denied wrongdoing and sued the Wall Street Journal and Dow Jones for defamation. Trump pardoned Binance founder Changpeng Zhao in October 2025, and Trump family representatives have held talks about taking a financial stake in Binance.US.
The White House said Trump's business interests are held in a trust managed by his children and rejected conflict-of-interest allegations tied to his crypto ventures. In January 2025, insiders unlocked $558.09 million worth of TRUMP tokens.
This article was written based on reporting from CryptoSlate.
