Trump jokes about 4th term as $17 million in TRUMP tokens move onto exchanges

A notable development has hit the crypto markets. President Donald Trump joked about seeking a fourth term as millions of dollars in his namesake meme coin moved toward exchanges. Trump used the White House Correspondents’ Association dinner to revive one of his longest-running political provocations, pulling out a red “Trump 2028” hat and declaring that he intended to run again. He joked: “I’m pleased to announce my intention to, and this is somewhat of a scoop, my intention to run for a fourth term as president of the United States.

Now I’m going to do it again. ” Trump has repeatedly claimed he won the 2020 election, which he lost to Joe Biden. Around the same time, wallets associated with the team behind Official Trump memecoin moved 10.

Market Dynamics

84 million TRUMP tokens worth roughly $16. 91 million, blockchain tracker Lookonchain reported. Trump Memecoin Transfers (Source: Lookonchain) The assets appeared likely to be routed through crypto custodian BitGo before potentially reaching exchanges.

No sale has been confirmed. The two developments are not directly connected. But their timing puts renewed attention on a cryptocurrency built around Trump’s political brand as its price falls, and more project-controlled tokens move through the market.

Crypto bettors dismiss Trump's fourth-term odds as token transfers mount Trump’s latest 2028 tease faces a constitutional obstacle that prediction-market traders see little prospect of disappearing soon. The 22nd Amendment prevents a person from being elected president more than twice. Trump, who won the 2016 and 2024 elections, acknowledged during his speech that he was joking before later producing the 2028 hat and announcing what he called his fourth campaign.

Market Impact

Traders on Polymarket assigned just a 4% probability to a contract asking whether presidential term limits would be repealed or altered this year. The market had generated less than $20,000 in trading volume, suggesting limited conviction that the constitutional restriction will change before the end of 2026. The token movements, meanwhile, are part of a more sustained trend.

Lookonchain said project-linked wallets have moved 48. 25 million TRUMP, worth about $172. 4 million, across three batches over the past five months.

TRUMP has fallen more than 66% during that period and traded around $1. 55, down about 3% over the previous 24 hours. TRUMP Memecoin Price Action And Team Transfers (Source: Lookonchain) The sequencing does not establish that the transfers caused the decline.

This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.