TRUMP Price Plummets Over 8% Amid Team-Linked Wallets' $3.39M Cash-Out

The price of TRUMP has fallen by over 8% in the past 24 hours to around $2.27 after team-linked wallets converted millions of dollars' worth of TRUMP into USDC, cutting into a rally that has still left the token up 61% over the past week.

The Official Trump team collected 3.39 million USDC over a 10-hour period through liquidity operations on Solana, instead of placing a large market sell order. The resulting USDC was subsequently withdrawn.

Selling pressure has since caught up with TRUMP, with CoinGecko data showing the token trading at $2.27 on August 26, down from around $2.46 to an intraday low near $2.16. However, price has recovered from that low and remains well below levels reached during the latest rally.

The liquidity activity followed other movements involving team-linked wallets, including a transfer of 646,000 TRUMP to OKX and another transfer involving 2.62 million tokens worth around $6.2 million at the time.