Trump team dumps $2M in TRUMP tokens, More fall incoming?
The post Trump team dumps $2M in TRUMP tokens, More fall incoming? appeared on BitcoinEthereumNews.com.
The Official Trump [TRUMP] token is garnering massive attention from crypto enthusiasts, not only due to its continuous price decline but also because of recent developments involving the Trump team. Recently, crypto transaction tracker The Data Nerd disclosed that the Trump team dumped a massive 381,000 TRUMP tokens, worth over $2 million, onto Binance, the world’s largest cryptocurrency exchange. In the crypto landscape, when a wallet moves its assets to exchanges, it often suggests preparation for a sell-off and is considered a bearish signal. Current price and rising volume As this comes amid broader market uncertainty, its impact has been reflected in the asset’s price. As of press time, TRUMP’s price was trading at $4.95, down 6.25% over the past 24 hours. Despite the price decline, a massive surge in market participation was recorded, with trading volume jumping 92% to $301.82 million. This surge in trading volume, despite the price decline, suggests that traders and investors are showing strong interest in the current market trend. In addition, TRUMP’s Open Interest (OI) continued to decline, falling by 4.88% today to $132.82 million. This drop in OI suggested waning interest and reduced speculative activity. TRUMP price action and upcoming levels According to AMBCrypto’s technical analysis, TRUMP appeared bearish on the daily chart and remained in a downtrend, as the price was trading below the 50-day Exponential Moving Average (EMA). Source: TradingView Based on current price action, the asset was respecting a local support level at $4.80, which was holding at press time and preventing a further downside move. Price action suggests that if TRUMP remains above the $4.80 level, it could see an upside move; otherwise, a further price decline is likely. As of press time, the technical indicator Average Directional Index (ADX), which measures the strength of a directional trend, reached…
Filed under: News - @ January 19, 2026 6:23 pm