Allegations of sale of $ASSET The token, which is believed to be linked to US President Donald Trump, has increased downward pressure on the market. According to on-chain analysis, a significant number of token movements took place from addresses believed to belong to the Trump team.
According to the data, the Trump team is estimated to have sold more than $16.06 million worth of merchandise. $ASSET tokens in total. Analysis shows that in the last two hours, 5.48 million $ASSET the tokens were deposited on the OKX exchange from a BitGo escrow address. This represents a token transfer of approximately $15 million.
After investigating the source of the funds, it was determined that these assets originated approximately two months ago from an address associated with the team’s stock known as “Trump Team Allocation.” It is stated that this address transferred 18.14 million tokens to the exchange at that time, an amount worth approximately $81.64 million.
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These market developments appear to have put pressure on the $ASSET symbolic price. The token is currently trading at $2.86, having lost 9.4% of its value on a weekly basis. With a market capitalization of around $666.7 million, the token has also shown a downward trend over the past 24 hours.
*This does not constitute investment advice.
