TRUMP Defies Ceffu Transfer, Holds Ground at $2.30 Support
TRUMP's price has faced significant pressure from Ceffu's recent $9.27 million transfer to Binance, which added substantial supply to the market.
The transaction brought potential distribution risk as Binance offered instant liquidity to any planned token sales, but the transfer alone did not confirm completed selling, leaving actual market absorption as the critical factor to consider.
Despite this, TRUMP's recovery has been driven by a greater market action that was able to absorb part of the new supply at the existing levels.
The 90-day Spot Taker CVD indicator recorded higher aggressive sell volume compared to aggressive buy volume over the measured three-month period, indicating seller-dominant taker activity.
However, TRUMP's price rose despite this, suggesting buyers had absorbed substantial aggressive selling during the rebound.