The Official Trump [TRUMP] team has transferred 9.089 million tokens, valued at $31.45 million, to BitGo. At press time, TRUMP was trading at $3.51, up 4.67% in the past 24 hours.
This sizable allocation shift comes during a modest price rebound. Market participants immediately noticed the transaction due to its scale.
However, custody transfers do not automatically indicate selling activity. Instead, such moves often reflect treasury restructuring or strategic repositioning.
Meanwhile, the 4.67% daily surge highlighted renewed short-term demand. Traders now question whether this rally stems from organic accumulation or reactive positioning.
TRUMP continues to trade inside a long-term descending channel that has controlled the price since mid-2025.
The chart shows price stabilizing near the lower boundary of this structure. Horizontal support sits at $3.18, while resistance stands at $4.27 and $5.68.
Although buyers defended the lower region, the overall slope still trends downward. Therefore, bulls must reclaim $4.27 to challenge mid-channel resistance.
Without that reclaim, sellers retain structural dominance. Furthermore, repeated compressions near channel support often precede volatility expansions.
If price breaks below $3.18, downside pressure could accelerate toward the channel’s lower extension. However, sustained strength above $4.27 would weaken the broader bearish structure.
TRUMP stands at a structural crossroads near $3.54 support. The BitGo transfer reshapes supply perception, while RSI recovery hints at early stabilization.
However, the descending channel still dictates the broader direction. Rising OI suggests traders anticipate volatility.
If buyers defend $3.18 and reclaim $4.27, upside continuation could unfold. Otherwise, failure at support could accelerate movement toward the channel’s lower boundary.$TRUMP $JTO $LTC #StrategyBTCPurchase #Binance