The official team recently transferred 381,000 TRUMP tokens to a major exchange, valued at over $2 million. This transfer immediately triggered market alert—large inflows of funds often indicate potential selling risk.

As expected, the token subsequently dropped in price. From last week's high, TRUMP has declined by 6.25%, with the current price touching $4.95. More notably, trading volume surged by 92%, with a transaction amount reaching $301.82 million. This spike in volume combined with falling prices is typically seen as a bearish signal.

From a technical perspective, the situation is indeed not very optimistic. The price has broken below the 50-day moving average, with a key support level around $4.80. If this level is effectively broken, there could be further downside space.

Interestingly, data from the derivatives market shows some divergence. Some investors are accumulating positions on dips; meanwhile, short-term traders are opening大量空单, betting on continued downward movement. This conflicting scenario indicates that market sentiment is not uniform, and the operational logic of participants is clearly divided.

Overall, in the short term, the token faces selling pressure as a certainty, but the long-term trend still depends on the outcome of the battle among various forces.