$23M TRUMP token transfer sparks sell-off fears amid price pressure and rising whale activity

A $23 million transfer of TRUMP tokens linked to team wallets has raised concerns of a potential sell-off as the coin struggles below key resistance levels. This large on-chain move often signals upcoming exchange inflows and price volatility, intensifying bearish sentiment. Meanwhile, whale activity is increasing, creating uncertainty between accumulation and distribution phases. The TRUMP coin currently tests support near $3.10, with a breakdown below $3.00 possibly triggering further declines toward $2.60-$2.80, while recovery hinges on breaking above $3.80 resistance.