The TRUMP Coin team carried out significant financial operations, allocating $52.66 million for token liquidity. This has drawn trader interest and may affect price dynamics.
TRUMP Coin Team's Liquidity Actions
The TRUMP token team moved $52.66 million, about 3.5 million TRUMP, to exchanges to enhance liquidity. According to the statement, these funds were taken from the initial launch wallet, and new tokens were relocked for 90 days.
Trader Reactions and Trading Volumes
Following the wallet actions for liquidity, on-chain records indicated that a large trader withdrew 4 million USDC from Binance and bought 276,968 TRUMP tokens worth $3.99 million. Three further major transactions were noted with TRUMP tokens sold for amounts ranging from $199.5k to $1.78 million, indicating that large players were actively buying tokens in response to the liquidity.
TRUMP Coin Price Analysis and Forecast
Currently, the TRUMP Coin price has fallen 2.98% to $13.83. Technical analysis shows signs of indecision with a short-term support level at $13.80. If the token can maintain prices above $13.50, this may lead to a recovery to $15.50. However, a drop below $13.50 may trigger further declines to the $12 level.
Monitoring the price of TRUMP Coin and the team's actions, traders should pay close attention to technical indicators and trading volumes. The situation can evolve based on demand and supply dynamics.
