TLDR
- TRUMP fell more than 8% in 24 hours to around $2.27 after team-linked wallets cashed out $3.39M in USDC
- Wallets supplied TRUMP into liquidity positions on Solana rather than placing direct sell orders
- Despite the drop, TRUMP is still up 61% over seven days from a low of around $1.40
- A vesting unlock of 28.7 million tokens is scheduled for Sept. 18, equal to 2.9% of total supply
- Public Citizen estimates TRUMP investors are down a combined $3.2 billion since the token launched
Official Trump (TRUMP) fell more than 8% over 24 hours to around $2.27 on Aug. 26, following on-chain activity tied to team-linked wallets that converted millions of dollars’ worth of tokens into USDC.
On-chain analyst Lookonchain reported that wallets connected to the Official Trump team collected $3.39 million in USDC over a 10-hour window on Solana. The wallets used liquidity positions rather than direct market sells, supplying TRUMP into ranges that converted to USDC as buyers traded through them.
🚨TRUMP CRYPTO BUYERS ARE $4.7B UNDERWATER!
A new Public Citizen report estimates investors in Trump-linked crypto products are down at least $4.7 billion.
Most of that is paper losses, not cash already sold.
The group puts $TRUMP at $3.2 billion, $WLFI at $1 billion, Trump… pic.twitter.com/93uS8Xq8X7
— Crypto Banter (@crypto_banter) August 28, 2026
Bitcoin.com also cited on-chain data showing around 646,000 TRUMP tokens were transferred to OKX in two separate transactions. Another transfer involved 2.62 million tokens worth roughly $6.2 million at the time. Exchange deposits do not confirm the tokens were sold, but they added to supply concerns.
The token dropped from around $2.46 to an intraday low near $2.16 before recovering slightly. It remains well below levels hit during the recent rally.
Analyst Eyes $15 Target
Crypto analyst Crypto Patel noted on X that TRUMP broke above bear market resistance at $2.055 and is up 160% from its bottom in just 10 days. Patel said if $2.055 flips into solid support, a rally toward $15 could be possible, but advised against chasing the green candle and instead waiting for a retracement.
$TRUMP just broke above its Bear Market resistance at $2.055
The key question now: can $2.055 flip into strong support?
If it holds, a major #TRUMP meme rally toward $15 could be on the table.$TRUMP is already up 160% from the bottom in just 10 days.
Don’t chase the green… pic.twitter.com/XQBLI9WB8s
— Crypto Patel (@CryptoPatel) August 28, 2026
Despite the daily pullback, TRUMP is still up around 61% over seven days and nearly 52% over two weeks. The token climbed from around $1.40 last week before the latest sell pressure hit.
Resistance and Upcoming Unlock
On the daily chart, TRUMP is trading above its 20-day EMA at $1.86, 50-day EMA at $1.73, and 100-day EMA at $1.89. The 200-day EMA at $2.71 remains the first major resistance level. TRUMP briefly broke above it during the surge toward $3 before sellers pushed it back down.
The Stochastic RSI shows a bearish crossover, with momentum cooling after both lines recently hit overbought territory.
A vesting unlock of 28.7 million TRUMP is scheduled for Sept. 18, allocated to insiders and equal to 2.9% of total supply. Sixteen of 34 scheduled unlock events remain through December 2027.
Public Citizen estimated that around 1 million retail wallets are underwater by a combined $3.2 billion since TRUMP launched on Jan. 17, 2025. The top 1% of profitable wallets captured roughly $2.7 billion, or about 80% of all gains.