On-chain data shows that a large holder transferred all 417,755 TRUMP tokens into Binance 9 hours ago, worth over $2.2 million. This token was accumulated gradually over the past eight months. Now, faced with a dilemma—selling at this price would mean losing $2.5 million over eight months, with a return rate dropping to -50%. Interestingly, such large transfers to exchanges often indicate that the holder is considering reducing their position or stop-loss. Whether they are being forced out or planning to transfer their position remains unclear. However, this level of loss indeed reflects the awkward situation some market participants are in.