TRUMP Tokens Plummet Amid Insider Selling Pressure and Unlock Fears

OFFICIAL TRUMP (TRUMP) has taken a hit in recent trading hours, dropping by 4.6% over the past day. At the root of this decline are concerns about large insider holdings and upcoming token unlocks.

The issue stems from multiple transfers of TRUMP tokens from team addresses to Binance, with one wallet moving approximately 2 million TRUMP (valued at $4.78 million) and another transferring roughly 11.01 million TRUMP tokens worth $26.65 million. These movements are significant because they often signal an intent to sell, which can impact the order book depth and short-term price if not absorbed quickly by market makers and retail buyers.

The ongoing narrative around TRUMP's heavy insider supply and unlock schedule also plays a role in the price action. It's estimated that about 80% of TRUMP's 1 billion supply is held by two insider entities, with only around 200 million being liquid at launch. Around 900,000 TRUMP tokens are unlocked every day through 2028.