$16M TRUMP Dump: Is the Team Tapping Out? 📉
The on-chain data just dropped a bombshell. A Bitgo custody address explicitly linked to the TRUMP team just offloaded 5.48 million
$TRUMP tokens ($16.4M) to centralized exchanges.
Let’s be real: when a "Team Allocation" wallet starts dumping millions into CEXs, it’s rarely for "community building." This is a massive distribution move, and it's happening right now.
The Reality Check:
The Stash: This wallet started with 18M
$TRUMP tokens. They’ve been quietly chipping away, and the pace is accelerating.
The Floor: We’re hanging by a thread at $2.92.
The Danger Zone: The absolute critical support is $2.73.
My Take: If $2.73 snaps, the "Mar-a-Lago Gala" in April won't save your bag. This is a high-stakes game of chicken between the team’s sell pressure and the market’s liquidity.
Watch the charts, not the hype. If $2.73 fails, the exit door is going to get very crowded, very fast.
#TRUMP #USNoKingsProtests #CryptoAlert