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TRUMP memecoin's $26M transfer signals strategic exit amid price rejection and rising Solana competition

Market News
02 Sep 2026
AMBCrypto
View Source
Bearish
pluang ai news

The TRUMP memecoin team transferred $26 million worth of tokens to BitGo amid a price rejection near $2.50 and weak buying interest, suggesting a strategic exit rather than routine profit-taking. Despite a recent bullish momentum in the market, TRUMP's price dropped over 2% after failing to hold above $2.50, with its RSI still in oversold territory. The memecoin also faces increasing competition from over 313,000 new tokens launched on Solana in the past week, adding selling pressure. These factors combined indicate that TRUMP's recent move may signal caution for investors rather than confidence in continued price gains.

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