A flurry of transactions has awakened the interest of the crypto community

The transfer, just under an hour before it was posted by Lookonchain's X handle, has sparked widespread speculation — especially since it was made in connection with the planned TRUMP token dinner event.

A flurry of transactions has awakened the interest of the crypto community after a new wallet was spotted pulling TRUMP tokens, worth several million dollars, off Binance, one of the world’s biggest cryptocurrency exchanges.

The transfer, just under an hour before it was posted by Lookonchain’s X handle, has sparked widespread speculation — especially since it was made in connection with the planned TRUMP token dinner event.

New Wallet Suddenly Funded with $1.94M

Suddenly, the wallet, which had not been active before, had 150,100 TRUMP tokens sent to it, in the form of five transfers from Binance. At that time, the total value of tokens was roughly $1.94 million.

When Binance moved those TRUMP tokens, it began with 100,099.95 tokens worth approximately $1.28 million, then around 40,000 tokens for approximately $517,000, and 39,999 tokens for approximately $129,000. The crypto community had a major reaction to these large transactions happening within the same hour.

Additionally, that same wallet made very small transactions in SOL, a 0.001 SOL transfer (roughly 15 cents) and a return of 0.099 SOL (roughly 15 dollars). Although these are small, these transactions do indicate wallet activation or spending on a fee, which shows the wallet was just created.

Lookonchain Links Transfer to TRUMP Dinner

Lookonchain tweeted in the platform’s X account that the said transaction could be made in reference to the “$TRUMP dinner” party for TRUMP token holders and fans. It’s still unclear if these token transfers were for symbolic, political, or for promotional purposes.

This type of transaction is very common in cryptocurrency, and they are done by big players in the market for their own benefits. But this very transaction is more interesting for these reasons: the timing, token and the event in discussion. The TRUMP dinner continues to make the headlines, with recent report indicating that Tron Founder, Justin Sun, has also registered for the event.

News data source: kdj.com

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