Massive transfers worth $249 million are weighing on the TRUMP coin... Will the decline continue?
The TRUMP coin has seen large movements from wallets linked to the project team, with around 81.87 million tokens worth approximately $249 million transferred to centralized exchanges, including Binance and OKX, over the past eight months
These transfers have raised investors’ concerns about the possibility of increased selling pressure, especially since the team still holds about 718 million tokens—equivalent to 71.8% of the total supply.
According to the chart, the price is currently trading near $2.05 after falling from a peak of $2.21 and recording a low at $1.978
Support: $2.00 then $1.978
Resistance: $2.065 then $2.12
Trend: a sideways move leaning cautious, with momentum remaining weak after the last drop
Conclusion: Although attempts to stabilize appear, continued token transfers to exchanges may increase selling pressure. A breakout above $2.065 could support a recovery attempt, while a break below $2.00 could send the price back to test the $1.978 low—therefore, it’s preferable to wait for confirmation of the trend before making any trading decision
The TRUMP coin has seen large movements from wallets linked to the project team, with around 81.87 million tokens worth approximately $249 million transferred to centralized exchanges, including Binance and OKX, over the past eight months
These transfers have raised investors’ concerns about the possibility of increased selling pressure, especially since the team still holds about 718 million tokens—equivalent to 71.8% of the total supply.
According to the chart, the price is currently trading near $2.05 after falling from a peak of $2.21 and recording a low at $1.978
Support: $2.00 then $1.978
Resistance: $2.065 then $2.12
Trend: a sideways move leaning cautious, with momentum remaining weak after the last drop
Conclusion: Although attempts to stabilize appear, continued token transfers to exchanges may increase selling pressure. A breakout above $2.065 could support a recovery attempt, while a break below $2.00 could send the price back to test the $1.978 low—therefore, it’s preferable to wait for confirmation of the trend before making any trading decision
