A large-scale token movement involving $TRUMP, one of the more politically charged memecoins on Solana, is now starting to draw attention.
This is mainly because on-chain analysts have spotted what looks to be a coordinated and yet authorized sale of $1 million worth of tokens. And while the team behind the token has made no formal statements on the matter, wallet activity suggests a much deeper story that started more than a week ago. This could have significant implications for $TRUMP’s holders and its market trajectory.
$8M in $TRUMP Moved to Wallet From Project-Controlled Vault
The earliest signs of this emerging narrative began eight days ago when a substantial quantity of $TRUMP—744,971 tokens worth approximately $8 million at the time—was transferred out of Meteora Vault Authority.
The recipient wallet was BeCxDH6warxU8bYTMwLmmsVs4mJ9794UCsrHqXLBAW7M, which was funded via a Squads multisig wallet controlled on the @SquadsProtocol, a popular tool used for team-based custody of crypto assets.
Considering the source of the funds and the operation of the Squads multisig, the transfer was probably carried out or authorized by the @GetTrumpMemes team themselves. There was some mild concern about the lack of communication around this transaction at the time it was executed, but as no tokens had been moved past the initial transfer, it was hard to become too alarmed.
Today, that changed.
Fresh Wallet Receives and Sells $1M Worth of $TRUMP
Approximately three hours ago, the identical wallet (BeCxDH6…) sent 100,000 $TRUMP tokens, valued at around $1 million, to a newly generated wallet (Kewh32zffqXCaGufAQhag3BdamAS3FEsAyk9Yq3N2JK). Upon receiving the tokens, this second wallet promptly started to sell the $TRUMP for USDC. According to on-chain data monitored by tools like Stalkchain, this fresh wallet was set up not long before the sale.
The action looked planned and purposeful—not the result of a less intelligent bot or a panic seller reversing buying orders for Bitcoin and Ethereum in a collapsing market. The sell-off was likely an organized and announced divestment from an apparently authorized wallet, taking place over a span of 23 minutes, and moving the money into an address created solely for the purpose of swapping the tokens into stablecoins and not into any other plan.
What is not just significant but also incredibly strange is the size of the sale and the context and the silence that surrounds it. This is not a random whale cashing out. This is a team-associated wallet funded from a multisig tied to the project’s vault authority that is quietly reducing its $TRUMP holdings. And somehow, it is doing so without any public communication, explanation, or roadmap update.
BeCxDH6… the wallet still holds 645,072 $TRUMP tokens, the current value of which is $7.07 million. This suggests that the initial dump of $1 million could be the first in a series of such moves.
🧵Someone is quietly dumping $1M worth of $TRUMP Token but the real story started 8 days ago.
Let’s follow the money. 👇
8 days ago, 744,971 $TRUMP tokens worth $8M was transferred from Meteora Vault Authority to wallet:
(BeCxDH6warxU8bYTMwLmmsVs4mJ9794UCsrHqXLBAW7M)The… pic.twitter.com/g4jAZYfJd5
— Stalkchain (@StalkHQ) June 11, 2025
Market Response Mixed Amid Silence From Project Team
Was this a treasury sale that was planned? Is the team preparing to change directions, or are they just cashing in while the liquidity is high? Without any clarification, it is hard to tell.
This situation underscores how vital it is for the crypto world to be transparent, especially when it comes to memecoins, whose existence rests and thrives on pretty minimal trust. Trust and narrative are big, big deals for memecoins, more so than for the average cryptocurrency.
Despite all this talk about visibility, narrative, and trust, a cryptocurrency’s true value can only be guesstimated because the whole space is, well, speculative. But with respect to visibility, there are two major events (or possibly “non-events”) that Bitcoin and blockchain
For now, the community is watching intently. Will additional tokens be marketed? Will the team make their voice heard? One point is certain: the $TRUMP token just recorded one of its most meaningful upward shifts in a number of weeks — and it took place so quietly that it left many in the dark, with $1 million worth of tokens trading hands without anyone noticing.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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