TRUMP FOUNDATION Mass Deposit|BGSC Seal Completes Full Return of Contributions
A wallet address believed to be the TRUMP Foundation has been confirmed to have made a large deposit totaling $19.53 million (approximately 134.6 million TRUMP) to a centralized exchange (CEX) around 5 a.m. ET on April 29th. The news was first reported by AmberCN.
🔍 Major deposit history
- 700,000 TRUMP (approx. $10.21 million) → Deposit to Binance
- 350,000 TRUMP (approx. $5.08 million) → OKX Deposit
- 296,000 TRUMP (approximately $4.32 million) → Deposit to Bybit
Large exchange deposits are typically interpreted as a sign of preparing to sell. However, exchange deposits do not necessarily lead to volume selling.
🛠️ Background and quotes
A few days earlier, Inbum had mentioned on a live stream that "the Trump Foundation may be intervening in the 'Trump Dinner Invite Ranking Competition' to induce buying," but the massive deposit is being interpreted as a different move.
As a result, BuckScoin InBum has proactively decided to refund all backers in full to protect their assets.
📈 Inbum returns all donations in full
Today, April 29, at approximately 3:50 PM, InBum announced through official channels that they have returned all 36,399 TRUMP (approximately $510,000) backed to all backers' wallets.
Inbum said
"This morning, we discovered that the Trump Foundation had transferred approximately $20 million worth of TRUMP to the exchange. We believe that they would not have done this if they were aiming to drive up the price, so we have decided to immediately return all of our backers' coins in full."
Inbum also added that if future revenue realization is confirmed, 201 TP3T will be distributed to backers as promised, while the remaining 801 TP3T will be included in the Buckscoin reserve.
As of today, Inbum still holds 148,494 TRUMP.
Related articles
- Buckscoin founder makes massive $TRUMP buy to attend Trump dinner
- BucksCoin founder reveals plan to return profits to Trump
Mentioned coins
- The Official Trump - TRUMP
- BuckScoins - BGSC
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