Trump’s Crypto Wallet Activity Sparks Questions After COIN Act Unveiled

$TRUMP Token Sell-Off Raises Eyebrows Amid COIN Act Pressure

In a move that has stirred fresh debate in both political and crypto circles, a wallet allegedly linked to former U.S. President Donald Trump has initiated large-scale sales of $TRUMP meme tokens. The sales coincide with the announcement of the COIN Act, a proposed bill that seeks to impose strict limitations on cryptocurrency holdings for current and former U.S. public officials.

Blockchain tracking platform Lookonchain revealed that the wallet, known as "Kewh32," recently placed a limit order to sell 275,672 $TRUMP tokens valued at approximately $2.49 million. Even more intriguing, this transaction came just two weeks after the same wallet offloaded another 100,000 tokens for an identical sum.

Source: X

Despite the two major sales, the wallet still holds around 369,400 $TRUMP tokens, currently valued at $3.3 million. The carefully timed, stepwise nature of these transactions has raised suspicions that someone with significant insider awareness could be attempting a discreet withdrawal.

Unconfirmed but Telling Connections

While the identity of the Kewh32 wallet holder remains officially unverified, the magnitude of the sales and the precise timing—immediately following the announcement of the COIN Act—has prompted many to speculate a connection to Trump himself or those closely associated with him.

Donald Trump, now a high-profile figure in the digital asset world, has embraced crypto, NFTs, and blockchain-backed financial products with a fervor uncommon among political leaders. He has launched NFT collections, promoted Solana-based memecoins, and even backed tech-forward merchandise.

Understanding the COIN Act

The Cryptocurrency Oversight for Integrity in National governance (COIN) Act, introduced by Senator Adam Schiff, aims to bar sitting presidents, vice presidents, and their immediate families from owning, promoting, or launching cryptocurrencies during their term in office. The legislation further mandates the disclosure of any crypto transactions exceeding $1,000, with penalties including up to five years of imprisonment or substantial fines for non-compliance.

Schiff made it clear that the act is intended to curb potential conflicts of interest. Without directly naming Trump, Schiff highlighted the former president’s involvement in various money-making ventures, including digital assets, sneakers, NFTs, and branded smartphones.

"We cannot allow those in power to use emerging financial systems to enrich themselves in secret," Schiff stated during a press briefing.

Is Trump Preparing for Regulatory Fallout?

The proximity of these large $TRUMP token sales to the introduction of the COIN Act suggests a possible attempt at reducing digital asset exposure in advance of potential legislative constraints. Selling tokens in phases rather than dumping them all at once is a known tactic to avoid triggering panic selling or market crashes.

Although the wallet holder's identity is unverified, the trading strategy itself points to someone seasoned in digital asset management, possibly someone with political or market-related motivations.

As of this writing, $TRUMP is trading at $9.01, down 1.82% over the past 24 hours. Trading volume has dropped by 17.48%, totaling $283.28 million, according to CoinMarketCap. The token remains a popular memecoin on the Solana blockchain, known for its speculative nature and political branding.

Deepening Political-Crypto Ties: Trump and Vance

Donald Trump is not the only political figure with crypto exposure. Vice President JD Vance also has significant holdings in digital currencies. Public records and insider reports indicate that Vance holds approximately $250,000 in Bitcoin and smaller stakes in Avalanche, Intelmarkets, and Dogecoin.

In addition, Vance has invested in $TRUMP tokens, a financial group called World Liberty Financial founded by his sons, and several NFT collections on the Polygon network. The depth of these investments reveals a broader trend: the blurring lines between U.S. political leadership and blockchain innovation.

The Market's Emotional Pulse

Recent geopolitical tensions, including the Iran-Israel conflict, triggered a widespread crypto sell-off. Following a ceasefire announced by the president, the markets stabilized, contributing to a partial rebound in token prices, including $TRUMP.

However, as regulatory scrutiny intensifies, the president and other politically affiliated figures may be reassessing their exposure to crypto assets. The combination of public opinion, legislative action, and strategic market moves hints at a calculated retreat.

A Quiet Exit or Smart Diversification?

One key question persists: is this wallet's activity part of a smart portfolio adjustment, or is it a silent exit in anticipation of legal consequences?

Experts suggest that if the wallet is indeed linked to Trump or someone in his orbit, then the sales may represent a strategic reduction to mitigate legal risks. Gradual offloading helps preserve the token's price integrity while subtly shifting away from potential regulatory vulnerabilities.

Source: CoinMarketCap

"If this wallet is his, Trump might be preparing for the worst-case scenario," said one anonymous analyst. "You don't want to be caught holding millions in unreported crypto if the COIN Act gets fast-tracked."

What Lies Ahead

The crypto world is watching closely. If the COIN Act gains traction in Congress, it could set a precedent that reshapes the role of public officials in the decentralized finance ecosystem. Transparency requirements, promotion restrictions, and asset disclosures could become the new norm.

Meanwhile, platforms like Solana, Ethereum, and Polygon—home to many of these politically-tied tokens and NFTs—may face added volatility if prominent holders begin to liquidate.

As political and technological forces continue to intersect, investors and observers alike are left with a pressing question: will crypto be a tool of public empowerment, or another realm vulnerable to elite manipulation?

One thing is certain: the line between politics and crypto has never been thinner.

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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