Blockchain monitoring service Lookonchain reported that a newly created cryptocurrency wallet withdrew 450,000 TRUMP tokens worth approximately $4.52 million from the Bybit exchange on June 16.
This sizable transaction underscores significant liquidity movements within the cryptocurrency market, specifically concerning TRUMP tokens. Such large-scale withdrawals can materially influence token circulation metrics and broader market dynamics by temporarily reducing exchange supply.
Bybit continues to function as a critical infrastructure for substantial crypto asset transfers, reflecting sustained institutional and high-volume trader activity across digital asset platforms.