According to @EmberCN, the Trump-themed Memecoin $TRUMP has deposited 4.167 million tokens, valued at $47 million, into four major centralized exchanges after a 26-day pause. Specifically, $18.74 million worth of $TRUMP went to Binance, $14.06 million to OKX, and $7.04 million each to Bybit and another exchange. This substantial liquidity injection could impact $TRUMP's price volatility and trading volumes, with traders watching for increased liquidity-driven price swings and potential arbitrage opportunities. The move demonstrates heightened activity in political memecoins, which could influence broader crypto market sentiment. Source: @EmberCN on Twitter, June 4, 2025.

According to The Kobeissi Letter, President Trump is preparing to launch a branded crypto wallet and trading application, with plans to actively encourage his supporters to buy his memecoin, $TRUMP, as well as other cryptocurrency assets (source: The Kobeissi Letter, June 3, 2025). This move is expected to boost trading volumes for $TRUMP and potentially increase overall interest in political memecoins, creating new volatility and opportunities in the broader crypto market. Traders should closely watch price action and liquidity for $TRUMP and related assets as this initiative rolls out.