TRUMP Token Value Plummets Amid Team-Linked Wallet Transfers

The TRUMP token has been experiencing a decline in value as the affiliated team moves large amounts of tokens from their wallets. According to blockchain analytics platform Lookonchain, the Trump Team Allocation wallet transferred 4.915 million TRUMP tokens worth approximately $12.09 million to another wallet before depositing an additional 7 million tokens valued near $17.22 million into crypto custodian BitGo.

These transfers have added to market concerns as traders remain worried about persistent selling pressure across the memecoin market. The Spot trading data shows aggressive sellers dominating the market, with the Spot Taker Cumulative Volume Delta remaining in negative territory as traders reduce exposure to speculative crypto assets.

Technical indicators, such as the Balance of Power indicator and the Aroon Oscillator, are also reinforcing bearish sentiment, signaling that sellers continue to control price action. Analysts predict that TRUMP could test support near $2.30 and potentially slide toward the $2 level if memecoin sentiment fails to improve and additional team-linked wallet transfers emerge in coming sessions.