Polytifi Tokin Trump Coin, while sitting on the agenda with the rising price and the interest of the investor, large amount of stock market transfers made from the team wallet and subsequent political reactions, increased blood pressure in the market.
Million dollar transfers confused
On April 29, the Trump CoIN team has shown that a total of approximately 19.6 million dollars of token was transferred from a wallet connected to the Trump Coin team on April 29th. Binance, Okx and Bybit came to the fore among the platforms sent, and the biggest transfer was made to Binance.
700,000 token sent to Binance was about 10.21 million dollars. 350,000 token to OKX and 296,000 token was transferred to Bybit. With this move, the Trump Coin supply on the stock exchanges increased significantly, while some investors interpreted this as a sales pressure. How the price will be affected in the short term remains unclear.
The value of Trump Coin increased to $ 13.95 in the process of these developments, and the weekly earnings had approached 70 %. However, after large transfers, a slight decrease in the purchase appetite was observed.
Political reactions and demand for investigation
US senators Adam B. Schiff and Elizabeth Schiff recently requested an ethical investigation into the rapid rise in the price of Trump Coin. Especially after the special dinner organized by President Donald Trump and invited by high -profile investors, the price leap after a special dinner drew attention.
Senators demanded that the US Government Ethics Office Director Jamieson Greer be investigated whether there were any legal or ethical violations behind these developments. The statement, after the dinner, the token was about 100 million dollars of value increased. This situation should be examined meticulously in terms of public interest.
This special invitation to be held on May 22, Justin Sun, the founder of Tron, and some well -known names of the crypto industry will also participate in the information. This has increased the interest in the event.
While investors follow the developments with anxiety, both the regulatory steps and the supply status of the token in the stock exchanges seem to be decisive in the short -term course of Trump Coin. Leading market analysts emphasize that volatility may increase, especially if the scope of the investigation is expanded.
In this period, when manipulation discussions in crypto markets are frequently on the agenda, token, which are associated with political figures such as polyifi projects, are on the radar of both investors and legislators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
