The latest reports confirm that a TRUMP team-linked wallet moved 11.01M TRUMP worth about $26.65M. Reports indicate the destination was an external/BitGo wallet; that does not by itself prove an imminent exchange sale. �
KuCoin +1
The bigger concern is the upcoming 28.7M TRUMP unlock on September 18, equal to about 2.9% of supply, which could add selling pressure. �
Bitcoin News
Trading view:
🔴 Bias: Bearish
⚠️ Don't blindly short the transfer
📉 Stronger short confirmation = breakdown + failed retest of support
🛑 Use a tight stop because TRUMP can make violent short squeezes.
So: bearish setup, but wait for price confirmation rather than shorting solely because of the wallet transfer. �
bitget.com
KuCoin +1
The bigger concern is the upcoming 28.7M TRUMP unlock on September 18, equal to about 2.9% of supply, which could add selling pressure. �
Bitcoin News
Trading view:
🔴 Bias: Bearish
⚠️ Don't blindly short the transfer
📉 Stronger short confirmation = breakdown + failed retest of support
🛑 Use a tight stop because TRUMP can make violent short squeezes.
So: bearish setup, but wait for price confirmation rather than shorting solely because of the wallet transfer. �
bitget.com
