TRUMP $17.3M whale deposit puts $3.18 support at risk; $3.60–$3.60 liquidation zone could spark volatility

A team-linked whale transferred a large tranche of TRUMP tokens to Binance, first reported as 3M TRUMP (~$14.9M) after 50 days and later updated to 5M TRUMP (~$17.3M) originating from Meme Team allocation wallets. The movement increases distribution and volatility risk because tokens appear to be entering active circulation rather than cold storage. So far exchange net spot flows remain muted (netflow ≈ -$470.75K), but the deposit raises the likelihood of future sustained inflows and selling pressure. Price action: TRUMP has been compressing inside a long-term descending channel and is currently near key horizontal support at $3.184 (previously $4.80–$5 pivot in earlier reporting), with near-term resistance around $4.274 and an upper channel band near $5.684. Technicals and on-chain metrics show mixed signals—spot CVD has been positive over longer windows, indicating buyers absorbing supply, while derivatives positioning on Binance is skewed long (top traders ~62.8% long; long/short ~1.69 in the update). Liquidation heatmaps and liquidity clusters concentrate overhead and below: dense leverage between $3.50–$3.60 above and $3.30–$3.35 (or prior noted $5.10–$5.20 range in earlier report) below, creating clear liquidity magnets. Trading implications: 1) watch exchange balances—sustained inflows would confirm distribution; 2) monitor price reaction at $3.184—break risks rapid unwind of concentrated longs and a fast drop toward lower supports; 3) a reclaim of $4.274 (and break above channel resistance) would reduce downward pressure and could trigger a short-covering squeeze toward $3.60+. Short-term outlook is heightened volatility rather than clear trend change; traders should monitor spot CVD, exchange inflows, liquidation heatmaps, and key support/resistance for potential stop-run events.