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$TRUMP Keep shorting!
Trump team’s wallet has been dormant for three months, and as soon as they moved, they transferred 4.915 million TRUMP (12.09 million USD) into the institutional custody address of Fireblocks—on-chain analysts have confirmed, using custody channels is often a prelude to OTC selling or exchange deposits. Even more explosive is that this wallet still holds 762 million tokens worth 18.8 billion USD, ready to dump at any time. Even the team’s own insiders are moving chips out the door, what are you still dreaming of? I’m going all-in with a 140k USD short.
1. The team has done this before. At the end of March, they transferred 6.97 million TRUMP (23.18 million USD) to the BitGo custody wallet. According to historical patterns, such transfers are usually a prelude to dumping on centralized exchanges. More importantly, during those three weeks, the team疯狂抛售了 15.54 million tokens, cashing out 46 million USD, and subsequently, TRUMP plummeted 21.5% in a single day to a new all-time low.
2. The fundamentals are rotten to the core. Trump Media just announced its Q1 report—revenue only 870k USD, net loss reaching 406 million USD, with unrealized losses of 244 million USD on crypto holdings. Even more explosive is that WLFI affiliates secretly sold 5.9 billion tokens to quietly cash out, TRUMP has fallen 96% from its peak, retail investors have lost a total of 4.3 billion USD, while insiders have pocketed over 1.6 billion USD in profits.
3. Whales are voting with their feet. At the end of March, a whale cut losses by selling 211,343 TRUMP, losing 129,000 USD and fleeing. Large funds prefer to take the loss rather than wait for a rebound. The top 100 wallets hold 97% of the supply, and insiders are dumping without even hedging.
The team uses custody transfers to mask their exit, a first-quarter loss of 400 million USD indicates fundamentals have collapsed, insiders have taken 4.92M USD from retail investors—triple hits, time to short and send it to its grave! 💀📉#Gate广场五月交易分享