Is the Official Trump Token Team Capitalizing on the Hype with a Sell-Off?

The official TRUMP token has maintained much of its gains from last week. Over the past day, wallets associated with the team have been transferring tokens to centralized exchanges.

A wallet associated with the Official Trump (TRUMP) token recently initiated transfers to major centralized exchanges within the last 24 hours. These funds were directed towards platforms such as Binance, OKX, and Bybit—some of the leading marketplaces for trading TRUMP tokens.

The flagged address moved out all TRUMP tokens, keeping just a minimal residual amount. After an intense day of trading activity yesterday, TRUMP dropped to $14.04, accompanied by substantial volume totaling $1.5 billion over 24 hours. This represents a decline of 6.9% for the token following increased sell-offs on decentralized exchange platforms.

The team's wallets added a total of 1.346M TRUMP tokens, worth $19.58 million. These deposits occurred when the TRUMP token’s value was declining, having fallen from its highest point of $15.59.

TRUMP to feel selling pressure from token unlocks

Following recent trading activities, both individual investors and large buyers are providing exit liquidity for the team. This selling pressure comes only days after an initial lockup period ended, allowing those tokens to be sold at more favorable prices now.

Trump will keep releasing $6.89 million worth of tokens daily over the next week, as per its scheduled plan.

The group shifted tokens precisely when major players and eager purchasers were enthusiastically participating in the buzz. Over the last 24 hours, TRUMP experienced a blend of large investors cashing out and others aiming to amass bigger stakes in TRUMP. Additionally, this activity led to peaks. transfers on Solana.

Whales continue to amass TRUMP, with their sights set on cracking the top 25 rankings. holders’ leaderboard The 25th largest holder currently holds 113,989.238 TRUMP, elevating the threshold for subsequent purchasers. Previously, just one day earlier, the minimum holding stood at approximately 109K TRUMP.

According to Bubblemaps data, the portfolios of Crypto.com and Robinhood experience substantial activity as well, indicating considerable mainstream consumer engagement with TRUMP.

The token is operational across various swapping platforms. Besides leading centralized exchanges, TRUMP is also strengthening its presence with highly engaged decentralized exchange pairings. According to on-chain statistics, TRUMP has emerged as the most actively traded meme token on DEXs, with POPCAT and FARTCOIN trailing behind.

Trump continues to be regarded as a celebrity meme stock with significant insider ownership, yet it also holds sway alongside fervent cult memes. This asset retains appeal due to its strong liquidity across various marketplaces, despite the token unlocks are considered optimistic, provided the token attracts more attention and becomes more noticeable.

The open interest for TRUMP continues to stay high, consistently above $480 million. In the last week alone, this figure has risen from an initial base of around $280 million. Investors remain hesitant about selling the token short and are predominantly adopting long positions, expecting further increases in value.

Although the Trump Dinner offer is considered a mere stunt, the announcement succeeded in reviving market enthusiasm, allowing TRUMP to maintain its elevated pricing level.

TRUMP also attracts notice due to the actions of World Liberty Fi and the recent launch of the $1 stablecoin, which has already amassed a substantial supply. $500M, It has been gathered by market makers. A single US dollar is predominantly active on the BNB Smart Chain, whereas Trump tokens are enhancing the Solana ecosystem.

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