Why are traders worried about the $TRUMP token transfers?

Large transfers from team-linked wallets often raise concerns that insiders could be preparing to sell tokens. In this case, wallets connected to the TRUMP project moved nearly $29 million worth of tokens, which increased bearish sentiment across the memecoin market.

How much $TRUMP was moved by affiliated wallets?

According to Lookonchain, the project’s allocation wallet transferred 4.915 million $TRUMP tokens worth about $12.09 million and later deposited another 7 million tokens worth roughly $17.22 million into BitGo.

Does moving $TRUMP tokens to BitGo mean the team is selling?

Not necessarily, because transfers to custodians do not automatically confirm sales. However, traders often interpret large movements to custodial or exchange-linked wallets as a warning sign that selling pressure could increase later.

Why is the memecoin market struggling right now?

The broader memecoin sector has weakened as traders reduce exposure to high-risk speculative assets. Lower investor appetite, weak crypto market sentiment and persistent selling activity have all contributed to declining momentum.

What does negative Spot Taker CVD mean for $TRUMP?

A negative Spot Taker Cumulative Volume Delta, or CVD, suggests aggressive sellers are overpowering aggressive buyers. In practical terms, it means sell orders are dominating trading activity, which can increase downside pressure on prices.

Could $TRUMP fall below $2?

Technical indicators suggest bearish momentum remains strong, with analysts watching support near $2.30 closely. If selling pressure continues and support breaks, traders believe the token could slide toward the $2 level.

What technical indicators are signalling weakness in $TRUMP?

The Balance of Power indicator remained around -0.68, which suggests sellers still control price action. The Aroon Oscillator also stayed negative for nearly two weeks, reinforcing expectations of continued bearish momentum.

Why didn’t $TRUMP rally despite large wallet activity?

Some traders expected whale transfers and online attention to spark speculation, but the token price stayed mostly flat near $2.40. Analysts see that muted reaction as a sign that market confidence in memecoins remains weak.

TRUMP token slides as team moves $29M

Written by Isaac FrancisPublished May. 12 2026

The TRUMP project’s affiliated team moved nearly $29 million in tokens as traders remained concerned about persistent selling pressure across the memecoin market.

Blockchain analytics platform Lookonchain said a Trump Team Allocation wallet transferred 4.915 million TRUMP tokens worth about $12.09 million to another wallet before depositing an additional 7 million tokens valued near $17.22 million into crypto custodian BitGo.

The transfers came as TRUMP traded around $2.40, with market participants increasingly worried that insider-linked wallet activity could lead to further downside pressure in an already weak memecoin market.

Over the past three weeks, the same wallet has moved roughly 7.5 million TRUMP tokens worth about $21.8 million, although the wallet still holds approximately 1.5 million tokens valued near $3.6 million after the latest transfers.

Spot trading data also showed aggressive sellers continuing to dominate the memecoin market, with the Spot Taker Cumulative Volume Delta remaining in negative territory as traders reduced exposure to speculative crypto assets.

Technical indicators reinforced bearish sentiment, with the Balance of Power indicator remaining near -0.68 and the Aroon Oscillator staying negative for almost two weeks, signalling sellers continue controlling price action.

Analysts said 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.

At the time of reporting, Official Trump price was $2.40.