TRUMP’s team wallet moves $22 mln – Is a dump about to hit?

ambcryptoPublished on 2026-02-03Last updated on 2026-02-03

Abstract

A wallet linked to Trump's team transferred 5.26 million TRUMP tokens (worth $22.44 million) to a BitGo custody wallet on February 3rd, sparking speculation of an impending sell-off. Despite a recent 3.25% price increase to $4.26, TRUMP has declined 21% over the past month, with trading volume dropping 35%. Derivatives data shows a bearish bias, with more short-leveraged positions and $473.9K moved to exchanges, often a precursor to selling. TRUMP is in a downtrend but faces key resistance at $4.30. A breakout could lead to a 10% rise, while failure may prolong bearish momentum. Indicators suggest strong directional movement and near-oversold conditions.

On the 3rd of February, Onchain Lens shared a report revealing that a key wallet linked to Official Trump moved a massive 5.26 million TRUMP tokens, worth $22.44 million, to a BitGo custody wallet.

While this token transfer does not disclose the team’s intent, it has raised speculation that the team may be preparing for a potential sell-off.

This transfer appeared bearish, given the current market sentiment and Trump’s recent performance. Data from CoinMarketCap showed that the token had already lost 21% of its value over the past month.

TRUMP’s price had jumped 3.25% over the past 24 hours and was trading at $4.26 at press time. But despite this price increase, market participation remained weak, as trading volume tanked 35% to $196.75 million.

This indicates that traders and investors are not interested in the current trend.

Derivatives data signals bearish bias

From a derivatives perspective, both traders and investors held a bearish outlook, as they appeared to be either offloading positions or betting on the downside.

According to CoinGlass, intraday traders were strongly positioned around the $4.17 level on the downside and $4.35 on the upside.

At these levels, traders have built approximately $795.84K worth of long-leveraged positions and $1.87 million worth of short-leveraged positions.

Based on this data, if TRUMP falls below the $4.17 level, nearly $795.8K worth of long-leveraged positions could be liquidated.

At the same time, TRUMP’s Spot Inflow/Outflow data revealed that over $473.90K worth of the asset had been moved to exchanges over the past 24 hours.

In the crypto landscape, such inflows—where assets are transferred from wallets to exchanges—often suggest a potential preparation for a sell-off.

TRUMP: Price action and key levels

Looking at TRUMP’s daily and weekly charts, the asset appeared to be in a strong downtrend.

However, on the daily chart, TRUMP was currently facing strong resistance at the $4.30 level, which it had tested over the past three trading days.

Based on the current price action, if TRUMP successfully breaks out above this resistance, it could see a price jump of around 10% and potentially reach the $4.70 level.

However, this reversal would only be possible if TRUMP clears the $4.30 resistance; otherwise, it may continue its bearish momentum.

At press time, the Average Directional Index (ADX)—an indicator that measures trend strength—stood at 35.97, above the key threshold of 25, indicating that the asset had strong directional momentum.

Meanwhile, the Money Flow Index (MFI) was at 30.27, suggesting that the asset was approaching oversold territory and could be due for a potential relief bounce if buying pressure emerges.

Final Thoughts

  • A wallet linked to TRUMP moved 5.26 million tokens, worth $22.44 million, to BitGo, hinting at a potential sell-off.
  • From a price-action perspective, TRUMP remains in a downtrend; however, if it clears the $4.30 level on the daily chart, the token could see a 10% jump.

Related Questions

QWhat was the significant transaction made by the wallet linked to Official Trump on February 3rd, as reported by Onchain Lens?

AA key wallet linked to Official Trump moved 5.26 million TRUMP tokens, worth $22.44 million, to a BitGo custody wallet.

QAccording to the article, what does the transfer of a large amount of tokens to an exchange often suggest in the crypto landscape?

AIn the crypto landscape, such inflows—where assets are transferred from wallets to exchanges—often suggest a potential preparation for a sell-off.

QWhat is the key resistance level that TRUMP needs to break above on the daily chart for a potential 10% price jump?

ATRUMP needs to successfully break out above the $4.30 resistance level for a potential 10% price jump to the $4.70 level.

QWhat do the ADX and MFI indicator values suggest about TRUMP's market condition at press time?

AThe Average Directional Index (ADX) was at 35.97, indicating strong directional momentum. The Money Flow Index (MFI) was at 30.27, suggesting the asset was approaching oversold territory and could be due for a potential relief bounce.

QWhat does the derivatives data from CoinGlass reveal about trader positioning and potential liquidations?

ATraders had built approximately $795.84K worth of long-leveraged positions and $1.87 million worth of short-leveraged positions. If TRUMP falls below the $4.17 level, nearly $795.8K worth of long-leveraged positions could be liquidated.

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