TRUMP Token Slumps 8% Amid Team Wallet Withdrawals

The TRUMP token dropped by over 8% in 24 hours to around $2.27 after team wallets withdrew $3.39 million in USDC from the Solana network.

According to blockchain analytics, these wallets used liquidity positions on Solana instead of direct market sales, which introduced TRUMP tokens into specific price ranges that converted to USDC as market participants executed trades.

Despite this decline, TRUMP still shows a 61% increase over the past week, climbing from around $1.40.

A recent vesting event on September 18 will release 28.7 million tokens, representing 2.9% of total circulation.