Trump meme coin team deposits $14.4M in TRUMP to Binance

The team behind the meme coin Trump (TRUMP) deposited 5 million TRUMP, worth $14.4 million, from a BitGo custody address to Binance two hours ago, according to EmberCN. This transfer is part of a larger batch of 32.5 million TRUMP that the team unlocked early last month. Of the previously unlocked tokens, 9.88 million TRUMP ($31.7 million) had already been sent to Binance. Deposits to exchanges are often interpreted as a potential precursor to selling.