Official Trump ($TRUMP ) Market Update: Team Transfers $18M to BitGo, Supply Overhang Persists
$TRUMP is trading near $2.16, up 1.44% in 24 hours but still down 9.4% over the past month.
Key Red Flag: The team's allocation wallet transferred another 8.73 million TRUMP (~$18M)** to BitGo custody on Sept 20. Over the past two weeks, cumulative transfers have reached **~31 million TRUMP (~$70.6M)—a sustained distribution pattern that signals potential sell pressure.
Supply Context: The Sept 18 unlock added 28.27 million tokens (10.35% of circulating supply), worth ~$60M. This remains the dominant overhang.
Technical Levels: 24-hour range is $2.12–$2.26. Downside support sits at the all-time low of $1.37** (Aug 14); resistance is **$2.50–$2.72.
Binance Trade Setup: The team's relentless transfers to custody make chasing longs risky. Stay cautious—only consider a long if $TRUMP reclaims $2.30** with volume and transfers slow, targeting **$2.50, stop below **$2.10**. If $2.00 breaks, expect a slide toward $1.70–$1.80. DYOR.
#TRUMP #MEME #analises #Binance
$TRUMP is trading near $2.16, up 1.44% in 24 hours but still down 9.4% over the past month.
Key Red Flag: The team's allocation wallet transferred another 8.73 million TRUMP (~$18M)** to BitGo custody on Sept 20. Over the past two weeks, cumulative transfers have reached **~31 million TRUMP (~$70.6M)—a sustained distribution pattern that signals potential sell pressure.
Supply Context: The Sept 18 unlock added 28.27 million tokens (10.35% of circulating supply), worth ~$60M. This remains the dominant overhang.
Technical Levels: 24-hour range is $2.12–$2.26. Downside support sits at the all-time low of $1.37** (Aug 14); resistance is **$2.50–$2.72.
Binance Trade Setup: The team's relentless transfers to custody make chasing longs risky. Stay cautious—only consider a long if $TRUMP reclaims $2.30** with volume and transfers slow, targeting **$2.50, stop below **$2.10**. If $2.00 breaks, expect a slide toward $1.70–$1.80. DYOR.
#TRUMP #MEME #analises #Binance