Key Highlights
- The TRUMP token experienced an 8% decline within 24 hours, settling near $2.27 following $3.39M USDC withdrawals from team-associated addresses
- Associated addresses deployed TRUMP tokens into liquidity pools on Solana instead of executing direct market sales
- The token maintains a strong weekly performance, up 61% from approximately $1.40 recorded seven days ago
- An upcoming vesting event on September 18 will unlock 28.7 million tokens, representing 2.9% of circulating supply
- According to Public Citizen analysis, TRUMP token holders face collective losses exceeding $3.2 billion since launch
The Official Trump (TRUMP) token experienced a decline exceeding 8% during a 24-hour period ending August 26, settling around $2.27 amid blockchain activity linked to team-associated wallets that exchanged substantial token quantities for USDC.
Blockchain intelligence tracker Lookonchain identified that addresses associated with the Official Trump project accumulated $3.39 million in USDC during a 10-hour timeframe on the Solana network. These addresses utilized liquidity provision strategies instead of executing traditional market orders, depositing TRUMP into specific price ranges that automatically converted to USDC as market participants traded against them.
According to Bitcoin.com’s blockchain analysis, approximately 646,000 TRUMP tokens were moved to the OKX exchange platform through two distinct transactions. A separate transfer included 2.62 million tokens valued at approximately $6.2 million during execution. While exchange deposits don’t necessarily indicate immediate liquidation, these movements heightened concerns about potential selling pressure.
The digital asset declined from approximately $2.46 to an intraday bottom near $2.16 before experiencing a modest bounce. Current prices remain significantly beneath peaks achieved during the recent upward movement.
Market Observer Projects $15 Price Target
Digital asset analyst Crypto Patel highlighted on X platform that TRUMP successfully breached bear market resistance positioned at $2.055, achieving a 160% gain from its lowest point within just 10 days. Patel suggested that if $2.055 establishes itself as reliable support, a potential advance toward $15 could materialize, though cautioned traders against momentum chasing and recommended waiting for price pullbacks.
Notwithstanding the single-day correction, TRUMP maintains approximately 61% gains across the seven-day period and nearly 52% over the past fortnight. The asset appreciated from roughly $1.40 last week before encountering recent distribution pressure.
Technical Levels and Scheduled Token Release
Examining the daily timeframe, TRUMP continues trading above its 20-day exponential moving average at $1.86, 50-day EMA positioned at $1.73, and 100-day EMA at $1.89. The 200-day EMA at $2.71 stands as the primary overhead resistance barrier. TRUMP temporarily surpassed this level during its approach toward $3 before encountering renewed selling activity.
The Stochastic RSI indicator displays a bearish crossover pattern, with momentum indicators cooling following recent peaks in overbought conditions.
A scheduled vesting release of 28.7 million TRUMP tokens is set for September 18, designated for insider allocations and comprising 2.9% of total token supply. Sixteen of the 34 planned unlock events remain outstanding through December 2027.
Research by Public Citizen indicates that approximately 1 million retail wallet addresses hold unrealized losses totaling $3.2 billion since TRUMP’s January 17, 2025 launch. Meanwhile, the top 1% of profitable addresses secured roughly $2.7 billion in gains, representing approximately 80% of total profits generated.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
