Key Takeaways
A TRUMP team wallet transferred 4.915 million TRUMP tokens, worth approximately $12.09 million, to a Fireblocks institutional custody address after a three-month hiatus, signaling a potential shift in the project's treasury management.
The transfer, flagged by on-chain analyst Ai 姨, marks the first significant movement from the team's allocation wallet in months. "The TRUMP team allocation address just executed a major transfer," the analyst noted, highlighting the wallet's remaining holdings of 762 million TRUMP, valued at a staggering $18.8 billion.
This move to Fireblocks, a platform known for institutional-grade custody and treasury solutions, could indicate preparations for a large over-the-counter (OTC) sale, which would allow for liquidation without causing immediate downward pressure on public markets. This contrasts with other recent whale activity, such as an anonymous whale who recently dumped over 577,000 ETH ($1.35 billion) directly onto the Binance exchange. However, the transfer could also be a strategic repositioning for long-term holding, similar to how some projects use custody wallets for secure, long-term storage. The TRUMP token's structured release schedule, with 80% of the supply locked at launch and released monthly, is designed to prevent the kind of pump-and-dump volatility common to meme coins.
The transfer comes as the TRUMP token trades in a bullish structure at $2.48. According to technical analysis, the price is holding above the 50-day exponential moving average (EMA50) at $2.44, a key support level. However, momentum indicators are mixed; the Relative Strength Index (RSI) is neutral at 53.83, while the MACD indicator recently flashed a bearish "death cross," suggesting potential price exhaustion. A break above the 200-day EMA at $2.63 could signal further upside, while a failure to hold support could see a pullback.
This article is for informational purposes only and does not constitute investment advice.
