The team behind the TRUMP token has sold another $3.45 million worth of the digital asset, adding to what traders describe as persistent selling pressure. Buyers, meanwhile, are digging in to defend support at the $2.95 price level, which has drawn fresh liquidity interest from both sides.
Another round of team selling
The latest sale brings the token's team allocation down further, but the move is hardly a surprise to anyone watching the market. Selling from the insiders has been a steady theme over recent weeks, and each wave of tokens hitting the order books tends to push the price a bit lower before buyers step back in.
What stands out this time is the scale relative to recent trading volume. At $3.45 million, the sale is large enough to absorb a meaningful chunk of buy-side orders, yet the price hasn't broken through the $2.95 floor. That suggests the defending bids are not just passive limit orders — they're being refilled.
Why $2.95 matters
That specific price has become a focal point. It's a level where buyers have repeatedly stepped in over the past sessions, and it's also where a lot of stop orders and option-related activity tends to cluster. Liquidity providers have noted that the order book around $2.95 is unusually thick, with both large bids and offers stacking up.
For sellers, a break below that level would likely trigger a cascade of stops. For buyers, holding it keeps the token's range intact and gives them room to argue that the floor is holding. As one market participant put it, the battle is now about who gets exhausted first.
Persistent pressure from the top
Even with buyers defending, the selling pressure hasn't relented. The team's decision to liquidate tokens in tranches means the supply overhang is always there. Each sale announcement or on-chain move creates a fresh wave of anxiety among short-term holders.
The question is how much more the team holds and whether they're done. No official statement has been made about the latest transfer, and the token's community is left to watch the blockchain data. That uncertainty alone tends to cap any upside.
The standoff at support
Right now, the market is in a standoff. Sellers keep pushing tokens into the order book, but buyers keep absorbing them at $2.95. Liquidity is deep enough that the price hasn't collapsed, but it's also not rallying. That kind of behavior often resolves in one of two ways: either the support breaks and the price drops sharply, or the sellers exhaust themselves and a short squeeze pushes it higher.
No one knows which will happen first. The data shows that open interest at the exchange has been climbing, and funding rates have flipped negative — a sign that leveraged shorts are betting on a decline. But that also means the fuel for a squeeze is building.
The next few sessions will likely decide it. If buyers manage to hold $2.95 through the end of the week, the story shifts to whether the team pauses sales. If they can't, the next stop could be a test of lower liquidity levels. Either way, the pressure isn't going away quietly.
