Ceffu Transfers 3.7M TRUMP to Binance, ~$9.27M

A single custodian-to-exchange transfer of this size is a liquidity event worth noting, but it is not evidence of intent: the same flow could precede sales, market-making, or collateral movement, and the destination exchange alone does not resolve which. What matters is whether the tokens stay on Binance or are withdrawn again, since a sustained exchange balance is the more meaningful signal of supply overhang. Whether follow-on transfers from the same source continue is the open question.