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Official Trump (TRUMP) Team Sells $3.39M as Token Holds Weekly Gains

The Official Trump (TRUMP) token has maintained a portion of its recent gains despite facing fresh selling pressure from team-linked wallets. According to on-chain tracker Lookonchain, wallets associated with the team converted TRUMP holdings into 3.39 million USDC through repeated liquidity movements over a short window.Despite the influx of supply, buyers absorbed the sales, allowing…
2 weeks ago 28 views
Official Trump (TRUMP) Team Sells $3.39M as Token Holds Weekly Gains

The Official Trump (TRUMP) token has maintained a portion of its recent gains despite facing fresh selling pressure from team-linked wallets. According to on-chain tracker Lookonchain, wallets associated with the team converted TRUMP holdings into 3.39 million USDC through repeated liquidity movements over a short window.

Despite the influx of supply, buyers absorbed the sales, allowing the token to retain an 11.56% gain over a 24-hour period and an 80.79% increase over seven days. Spot trading data, including the 90-day Spot Taker CVD, indicated that sellers dominated market orders through aggressive sell-side pressure during the period, adding to the team-linked sales.

Technical indicators reflected ongoing market momentum. The Directional Movement Index showed the +DI line at 52.62, the -DI line at 3.10, and an ADX reading of 32.94, suggesting a strong underlying trend. TRUMP previously reached a peak near $3.67 before pulling back to trade around $2.49.

The $2.285 support level has continued to hold, keeping the recovery structure intact. Resistance is identified near $3.092, while a liquidation heatmap from CoinGlass indicates dense upside liquidity clustered near $2.95. Downside liquidity is noted between $2.40 and $2.45 in the event of further market pullbacks.

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