TRUMP team continues to sell tokens and cash out, and the market begins to worry about sell pressure
The recent actions of the TRUMP token team have drawn attention from the market.
According to on-chain monitoring, after transferring 3.837 million TRUMP tokens to exchanges yesterday, the team address continued in the early hours today to sell approximately 1.1 million TRUMP tokens through liquidity operations, receiving about $2.94 million USDC in return, at an average selling price of roughly $2.68.
In simple terms, the project’s own holdings are gradually being liquidated.
At present, if the 3.837 million TRUMP tokens transferred to exchanges yesterday continue to be sold, the market may face new sell pressure, which could have some impact on the coin price and investors’ sentiment.
For meme coins, capital and sentiment are the core driving forces. Once large holdings start flowing into the market, short-term volatility is often amplified, and investors need to pay special attention to on-chain fund movements.
The recent actions of the TRUMP token team have drawn attention from the market.
According to on-chain monitoring, after transferring 3.837 million TRUMP tokens to exchanges yesterday, the team address continued in the early hours today to sell approximately 1.1 million TRUMP tokens through liquidity operations, receiving about $2.94 million USDC in return, at an average selling price of roughly $2.68.
In simple terms, the project’s own holdings are gradually being liquidated.
At present, if the 3.837 million TRUMP tokens transferred to exchanges yesterday continue to be sold, the market may face new sell pressure, which could have some impact on the coin price and investors’ sentiment.
For meme coins, capital and sentiment are the core driving forces. Once large holdings start flowing into the market, short-term volatility is often amplified, and investors need to pay special attention to on-chain fund movements.
