Trump Token Soars Despite Team Selling Pressure
The Trump (TRUMP) token has continued its impressive run, rising by 11.56% in the past 24 hours and 80.79% over the last seven days. Despite this growth, team-related wallets have been selling tokens, with Lookonchain reporting that the team converted TRUMP holdings into $3.39 million USDC through repeated liquidity moves.
The price of TRUMP has pulled back from its high near $3.67 to trade around $2.49, but remains above the critical support level of $2.285. This suggests that buyers are still absorbing the extra supply entering the market.
A liquidation heatmap shows dense liquidity clustered near $2.95, which could be a possible next price target for TRUMP. However, downside liquidity sits around $2.40 to $2.45, an area that could see price activity if the market pulls back further from its recent highs.