Official Trump team unlocks $16.9M in TRUMP – Bearish signal?
Futures capital retreated, while Spot deposits rose. Which market is giving the clearer warning?
Official Trump [TRUMP] memecoin traded within a narrow range between $1.50 and $1.60 over recent weeks.
At press time, TRUMP traded near $1.56 after declining 2.46% over 24 hours. It also extended its weekly loss to 4%. Meanwhile, Trading Volume dropped 17%, reflecting weaker market participation.
Why did the TRUMP team move 10.8M TRUMP?
While Official Trump [TRUMP] struggled on the charts, a team-linked address transferred another large token batch.
According to Arkham, the address moved 10.837 million TRUMP, valued at $16.91 million.
Over five months, the team reportedly transferred 48.25 million tokens across three batches. Their combined value at each transfer was $172.4 million.
Previous batches later moved through BitGo before reaching centralized exchanges. However, the latest tokens had not necessarily followed that route yet.
The transfer itself did not create new tokens. Still, unlocked tokens entering exchanges could expand the sellable supply and pressure TRUMP’s price.
Are traders preparing to sell?
The transfer coincided with cautious activity across TRUMP’s futures and Spot markets. Futures Outflows reached $27.02 million, while Futures Inflows stood at $24.7 million.
As a result, Futures Netflow fell to -$2.32 million. The negative reading showed more capital leaving futures exchanges than entering them.
However, the data alone could not confirm whether traders closed positions or moved funds elsewhere. By contrast, Spot Netflow turned positive at $107,000 after recording -$500,000 the previous day.
Positive Spot Netflow indicated that exchange deposits exceeded withdrawals. This could increase near-term selling pressure if holders liquidate those tokens.
Can the memecoin defend $1.50?
Despite the transfer, TRUMP’s momentum indicators showed no clear directional advantage. The Aroon Up measured 50, while the Aroon Down stood at 42.
The narrow gap suggested that neither buyers nor sellers had established firm control.
At the same time, the MACD continued rising but remained below zero. This suggested improving momentum within a still-bearish structure.
Taken together, the indicators could support further consolidation between $1.50 and $1.60.
However, stronger selling could push TRUMP toward $1.40. Holding $1.50 may keep the existing range intact.
Final Summary
- A team-linked address transferred 10.837 million TRUMP tokens valued at $16.91 million.
- Positive Spot Netflow raised selling concerns, although TRUMP retained its narrow trading range.
