TRUMP memecoin: team wallets move 4.9M tokens go exchanges, sell pressure
TRUMP memecoin still dey under heavy sell pressure after team allocation wallet commot tokens go exchange custody. Lookonchain talk say Official TRUMP Team Allocation wallet transfer 4.915M TRUMP (about $12.09M) to wallet 3S7zwP, then deposit 7M TRUMP (about $17.22M) to BitGo; the same wallet don already deposit 7.5M TRUMP for roughly three weeks and still dey hold ~1.5M TRUMP.
Market background still bearish. Spot activity don "heat up," but CryptoQuant’s Spot Taker CVD still negative, show say sellers get control. TradingView indicators still dey point to downside control, with Balance of Power around -0.68 and Aroon Oscillator near -28 for two weeks straight.
With TRUMP dey around $2.4, traders dey watch the $2.3 support level. If e break, the article flag say fit continue go $2.0, especially if more TRUMP-linked wallets add more exchange inflows.
Bearish
Dis update na bad for TRUMP because e add one plausible near-term supply channel: team-linked wallets move plenti millions TRUMP go into wallets wey den deposit to BitGo exchange custody. Even if dem no sell the tokens immediately, history of similar transfers dey increase di chance say dem fit dump for exchange later.
At di same time, plenty market indicators dey align with downside: Spot Taker CVD wey remain negative dey show say sellers still dey dominate despite higher spot activity, and TradingView’s Balance of Power plus Aroon Oscillator dey show steady bearish control. If $2.3 break, traders fit expect faster momentum to di next lower levels (around $2.0), especially if more exchange inflows show up.