Key Takeaways:
TRUMP fell to $2.41 on September 2 after the Official Trump team moved $26 million of the token to BitGo, the latest pre-unlock exchange transfer.
Blockchain monitoring flagged the transfer, with the wallet having offloaded more than $150 million of TRUMP-linked tokens onto exchanges since April, according to on-chain data.
A vesting release of 28.7 million TRUMP tokens, about 2.9 percent of total supply, is scheduled for September 18, one of 34 planned unlocks running through December 2027. The team previously moved $32.8 million to Binance in June and pulled $3.39 million from TRUMP liquidity pools in August.
The transfer pattern raises questions about how much demand remains for TRUMP as it trades roughly 96 percent below its January peak of $73.43. The September unlock will test whether the token can absorb new supply or whether another leg down follows, with technical support at $1.38 and resistance at $5.50.
The wallet's activity has been consistent since April. In June, the team moved $32.8 million worth of tokens to Binance in a single transaction. In August, wallets tied to the project pulled $3.39 million in USDC out of TRUMP liquidity pools over roughly 10 hours by repeatedly adding and removing single-sided liquidity positions rather than executing conventional market sells. Weeks before that, a separate wallet linked to the project moved $17 million in TRUMP to BitGo custody.
The September 18 unlock is one of 34 planned releases under the project's original tokenomics, designed to gradually release roughly 80 percent of total supply that was never made available at launch. Large unlocks tend to pressure token prices as new supply hits the market, and teams sitting on sizable allocations often move ahead of that pressure rather than into it.
TRUMP's decline contrasts sharply with bitcoin's performance this year. While bitcoin closed out its best August in nearly a decade, TRUMP has gone the other direction, trading around $2.41 today, down roughly 97 percent from the $73.43 peak it hit in the days after its January 2025 launch. The token's launch was also marred by conflicts-of-interest questions and scrutiny from senators including Elizabeth Warren, Adam Schiff, and Richard Blumenthal.
The TRUMP team has demonstrated a willingness to extract value through several mechanisms: direct exchange transfers, custody shifts to BitGo, and liquidity-pool maneuvers that produce the same economic result as a sale without technically registering as one. With the September 18 unlock less than three weeks out, more onchain alerts are expected before the new tokens even hit circulating supply.
Whether the September unlock triggers another leg down or gets absorbed without much drama will say a lot about how much demand is actually left in the TRUMP trade heading into its second year. The token faces key resistance at $5.50, $8.74, and $11.94, while the $1.38 region has been highlighted as important support. Growing competition from Solana-based meme coins adds further pressure on TRUMP's market position and relevance.
This article is for informational purposes only and does not constitute investment advice.
