The Official Trump (TRUMP) team transferred 9.089 million tokens, worth $31.45 million, to BitGo custody amid a 4.67% price rebound. Market analysts note the token remains within a long-term descending channel, with a reclaim of the $4.27 resistance level seen as critical for any bullish shift. Recent data shows a 6.10% rise in Open Interest to $109.41 million, signaling heightened leveraged positioning ahead of potential volatility.
The team behind the TRUMP token transferred 9.089 million tokens, valued at approximately $31.45 million, to the custody provider BitGo. This sizable allocation shift occurred as the token’s price saw a 4.67% daily increase, trading at $3.51 at press time.
Market participants immediately noticed the transaction due to its scale. However, custody transfers do not automatically indicate selling activity.
TRUMP continues to trade inside a long-term descending channel that has controlled its price since mid-2025. The chart shows price stabilizing near the channel’s lower boundary, with horizontal support at $3.18 and resistance at $4.27.
Traders must monitor whether netflows expand meaningfully in the coming sessions. Spot netflow data showed a mild exchange outflow of approximately -$625k on the latest reading.
Open Interest (OI) has increased by 6.10%, reaching $109.41 million and signaling fresh leveraged participation. This rise suggests traders are building positions despite compressed price action.
The Relative Strength Index (RSI) rebounded from near-oversold territory and hovered around 38 at press time. This recovery suggests buyers have started re-entering after aggressive selling pressure.
