$TRUMP Dump: Trump Team Sells Assets for 3.39M USDC on Solana
The Trump team has made significant changes to their assets on the Solana blockchain, offloading $TRUMP and pocketing a substantial sum. Over the last 10 hours, they executed liquidity additions and removals, netting 3.39M USDC.
The price action of $TRUMP is currently holding at $2.55, within its Bollinger Bands with upper resistance at $3.13 and lower support at $1.43. The Moving Averages (EMAs) are anchored at $1.95 and $1.65, reinforcing a bullish trend structure.
The Momentum Indicator, MACD, has crossed over into positive territory at 0.26, while the Relative Strength Index (RSI) remains neutral at 60.11. This suggests that the price may be due for a healthy retracement to the 50-EMA support at $1.95 before further continuation.
Traders are now weighing this distribution against broader crypto market crash risks and potential AI industry impact on meme flows.