TRUMP Coin Team Sends $52.66M for Liquidity, Will It Rise or Dump?

Official Trump Coin (TRUMP) could be set for huge volatility after the team’s latest actions that were received well by large traders despite price potentially correcting.

TRUMP Coin Team Wallet Action

TRUMP token team shifted $52.66 Million, about 3.5 Million TRUMP to exchanges. There was massive demand for more TRUMP purchases, as well as to fulfill the need for ongoing liquidity support.

The statement explained that this liquidity was taken from the initial launch wallet. And that the new accessible tokens were relocked for another 90 days.

From the chain records, 1.49M TRUMP coin worth $22.46M was sent to Binance, 1M worth $15.02M to OKX and 500,000 worth $7.5M to each of Bybit and others.

The issuance of tokens indicated much selling pressure and price adjustment may be expected in the short run.

However, from their message, it was not to sell off tokens, but to rather protect trading endeavor.

Nevertheless, they often help to create instability in prices, given traders prepare for increased token supply. If the price found support among the buyers who absorb liquidity, TRUMP coin price may rebound.

On the one hand, a rise in panic or speculative selling may cause the prices to drop. What happens in the market in the next would largely determine the course things will take.

What Happened After Liquidity Provision?

Following the TRUMP team’s wallet dispensing tokens for liquidity, on-chain records showed that a large trader withdrew 4M USDC from Binance and purchased 276,968 TRUMP coin tokens worth $3.99M at $14.44.

Confirming this, three major transfers occurred where: 124,833 TRUMP valued at $1.78M, 124,204 TRUMP sold for $1.77M, and about 14K TRUMP at $199.5K.

Every one of these transactions was matched by a counterpart USDC transfer made to Meteora and SolFi.

Buoyed by huge purchases, there is some evidence that big players are mopping up short-term demand though long-term sentiment remains unclear.

The potential of further appreciation depends on us reaching beyond $15. If the purchases weaken, the chances of a further weakness of the market increases, provided that the $ 13.80 support level fails.

TRUMP Coin Price Analysis and Prediction

TRUMP coin suffered a 2.98% fall to $13.83 as it was batted off local resistance at $16.00. There were several CHoCH, and BOS signals on the price chart which indicated a new shape of the market.

A significant CHoCH that had been recorded at $ 14.03 initiated the downtrend, and its rise was followed by a BOS below $ 15.00 which highlighted the fading out of up momentum.

On the one hand, short-term support was offered at $13.80-$14.20, with price continuing to refuse to climb back above $15.00, indicating indecisiveness.

Future Outlook

TRUMP coin may see a bullish move turn around if it succeeds in maintaining prices above $13.50, which may bring it back to testing areas of $15.50 and support the $16.00-$17.50 level of resistance.

A fall to below $13.50 would enable the token to pull back orders further to $12. Support was starting to build around the $10 level. The preceding CHoCH had taken shape before the breakout.

Although the better lows before the dip was a signal of an extension of the uptrend, the overlapping accumulation of dealers (BOS) is an indication that the dealers may gain an aspect.

The $14.00 level remained essential. If the bulls are able to hold onto this area, TRUMP coin might start its climb higher again. If weakness continues, it is possible that there is a reversal of trend.

Covert attention to strategic points to observe price action before making a directional move finally might be prudent for investors. The situation is unstable but but has great technical value.

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