A massive TRUMP token transfer hit centralized exchanges today as a team-linked wallet dumped $52.66 million in assets. According to Lookonchain, a wallet address linked to the TRUMP token team has deposited 3.5 million tokens to centralized exchanges.
On-Chain Evidence Points to Major Dump
Solana-based on-chain data shows that the wallet associated with the TRUMP team deposited 3.5 million tokens (~$52.66 million) to CEXs. This isn’t the wallet’s first major transfer, but its timing has raised fresh concerns across the market.
Reviewing Solscan data, one can spot that the wallet with the address ‘CDW1AUngA1WorM4xZaSqv8vCbhJd68BSHgV69uxqpCfc,’ transferred tokens to a centralized exchange.
The transaction records on Solscan show active transfers from the wallet to exchanges earlier today. Each transfer occurred within minutes, consistent with previous coordinated dumps.
Solana explorer data confirms the wallet still holds a small balance with just 0.000003 TRUMP tokens remaining. It also shows around 1.68 SOL ($289) left in the address, further suggesting it has been drained post-transfer.
With previous deposits also traced to this wallet, traders are now closely watching TRUMP token’s price action. The sudden scale of this $52 million transfer may exert some short-term pressure.
Market Watches for a TRUMP Token Sell off
The wallet’s repeated activity has now created speculation related to the token in the market. Some analysts suggest it may mark the start of a planned token release or liquidation phase.
Given the political branding and hype surrounding the token, even routine movements trigger strong reactions. If this wallet continues offloading assets, a major TRUMP token sell-off could be on the cards. At the time of writing, the token is currently at $14.34 and is expected to hit a price mark of $15.4 in the next 24 hours.
The TRUMP token, a Solana-based meme coin associated with U.S. President Donald Trump, rose 7% in the last 24 hours. This TRUMP price increase comes ahead of a scheduled token unlock event that will draw attention across the cryptocurrency market.
Despite the market’s broader weakness, the TRUMP token is showing signs of stabilization. Analysts are closely watching the token’s next moves as more supply is set to enter circulation.
Large TRUMP Token Unlock Set for April 18
The TRUMP token will unlock 40 million new tokens on April 18. These will be distributed to the project’s team members. Based on the current trading price, the value of this unlocks is around $320 million.
According to crypto analytics platform Tokenomist, this unlock will increase the circulating supply, raising it to around 240 million TRUMP. The total supply of the token is capped at 1 billion. These tokens represent over 60% of all scheduled insider unlocks for the week, totaling $519 million. Fast Token and Arbitrum will also unlock $80.6 million and $27.2 million worth of tokens, respectively.
Token unlocks can add supply without increasing demand. If many of these tokens are sold, this can cause price declines. Investors have been watching the token closely ahead of this release, especially after large losses earlier this year.
Market Sentiment and Holder Data
The TRUMP token price saw a high of $73.43 on January 19. Since then, TRUMP has fallen by nearly 89%, reaching around $8.03. Despite this drop, some technical indicators suggest buying pressure may be returning.
Data from Dune shows that the number of unique TRUMP token holders has decreased from 817,000 at launch to about 637,000. Wallets holding over $1,000 in TRUMP have dropped from 143,000 in January to only 12,000. This has been prompted by recent whale sell-offs with major losses, as reported by CoinGape.
Though interest in the token has slowed, recent price action shows a possible change. The price has moved from a low of $7.50 to $8.03, showing signs of a short-term rebound.
Technical Indicators Suggest Possible Breakout
The TRUMP token price technical analysis points to a possible upward movement. Since April 8, the token has been trading between $7.65 and $8.30. This range may act as a base before a breakout.
Chaikin Money Flow (CMF) is around -0.03, slightly below zero. A move above zero could signal growing buying activity. The Money Flow Index (MFI) is at 42.87, within a neutral range but rising steadily. This shows that the buying volume is slowly building, a precursor of a TRUMP price bullish breakout.
The chart suggests the TRUMP token price may dip to the $7.65 zone before a strong rally. If buying momentum continues, the price could break resistance at $8.30 and move toward the $9.50 level.
Analyst Charts Key Levels For TRUMP Price
According to crypto analyst CryptoBheem, the TRUMP token has been consolidating in a tight range, forming a base after weeks of decline.
As per CryptoBheem, multiple touches of the $8.30 resistance level raise the breakout chance.
If the TRUMP token price maintains upward momentum, it could push toward the $10.50–$11.00 zone. However, if the token fails to hold above $8.00, a drop to $7.50 may follow.
Bitcoin price consolidates above the $84,600 on Sunday, April 20. Having closed eight consecutive sessions above the $80,000 mark, on-chain data trends suggest BTC market outlook for the week ahead remains bullish despite regulatory pressures on Coinbase.
Oregon State to Sue Coinbase as Bitcoin Price Holds Above $80,000 for Consecutive Days
Oregon Attorney General Dan Rayfield has filed a securities enforcement action against Coinbase, alleging that the exchange facilitated the sale of unregistered crypto assets, exposing investors to significant risk.
In the lawsuit, Oregon state alleges that Coinbase has encouraged the sale of unregistered cryptocurrencies to people in Oregon exposing residents to risk of pump-and-dump schemes and fraud.
“After building trust with Oregon consumers, Coinbase sold high risk investments without them being properly vetted to protect consumers Oregonians lost money, and we believe Coinbase should be held accountable and take steps to protect consumers.”
The complaint accuses Coinbase of misleading consumers in Oregon by offering high-risk digital assets without sufficient oversight.
In response, Coinbase’s Chief Legal Officer, Paul Grewal, called the suit a “desperate scheme” and “a giant leap backwards” in crypto policy progress.
Despite this legal headwind, Bitcoin has remained resilient. Following a sharp decline to $74,300 on April 9, triggered by China’s new tariffs on U.S. tech, BTC swiftly rebounded after the U.S. Consumer Price Index for March came in lower than expected.
Bitcoin price action, April 20, 2025 | Source: Coingecko
Bitcoin price is trading at $84,500 at press time on April 20, having closed above $83,000 for eight consecutive trading sessions.
This steady uptrend, even in the face of a fresh regulatory attack, suggests that the market sees the lawsuit as isolated to Coinbase—not a major threat to Bitcoin’s near-term price prospects. With continued institutional interest and technical strength holding above key support, BTC price appears poised to maintain positive momentum in the week ahead
BTC Showing Resilience to U.S. Pressures
Bitcoin’s recent price action showcases strength relative to U.S. equities, particularly in the tech sector.
While flagship stocks such as NVIDIA and Microsoft grapple with declining investor sentiment, Bitcoin continues to draw inflows and sustain support.
US Tech Stocks Heatmap, April 20| Source: TradingView
NVIDIA shares dropped over 7% this week following a $5.5 billion charge related to China export compliance. The erasing billions in market capitalization for adjacent US tech stocks including Microsoft, Tesla, and Apple.
Against this backdrop, Bitcoin has appreciated nearly 12% since April 12.
More so, Lower-than-expected jobless claims last week increased pressure on the Fed to maintain a hawkish stance—yet BTC has continued its upward trajectory, bucking the risk-off trend.
This decoupling signals renewed investor conviction in Bitcoin as a long-term macro asset, especially as U.S. fiscal policy and central bank dynamics introduce heightened volatility to traditional markets.
Investors Pull 14,000 BTC from Exchanges in the Last 8 Days as BTC Sets Up Local Bottom
A critical on-chain indicators supporting the current BTC rally is the notable drop in exchange-held Bitcoin.
Data from CryptoQuant shows that more than 14,000 BTC have been withdrawn from centralized exchanges since April 12, aligning with the day Bitcoin reclaimed the $80,000 level.
Bitcoin Price vs. BTC Exchange Reserves, April 2025 | Source: CryptoQuant
These outflows suggest increasing long-term conviction among holders, reducing available supply for trading and heightening the potential for price appreciation. Historically, sustained withdrawal activity often marks local bottoms and preludes major bullish cycles.
The drop in exchange balances comes at a time of increased spot demand—especially with platforms like Charles Schwab signaling intentions to enter direct crypto spot trading.
As regulatory uncertainty begins to decouple from Bitcoin’s price performance, investors appear to be front-running the next wave of institutional participation.
In conclusion, while the Oregon lawsuit against Coinbase may create noise in the short term, Bitcoin’s structural and technical foundation remains intact. A continued consolidation above $83,000—paired with supply contraction and strong macro divergence—puts the $90,000 and $100,000 targets well within reach for Q2.
Bitcoin price is consolidating below a descending trendline resistance near $85,489, with short-term support from the 4-day SMA at $84,632. As see in the Bitcoin price forecast chart below, BTC has formed a coiling pattern with higher lows and marginally lower highs—often a prelude to a decisive breakout.
On April 20, BTC closed at $84,594, holding above the critical $84K level for the eighth consecutive session, suggesting persistent underlying demand.
Bitcoin Technical Analysis Today
The Average Daily Range (ADR) remains muted at 3.06, indicating consolidation but also priming BTC for a potential expansion in volatility.
Meanwhile, the bullish BBP (Buy Balance Power) reading at 1,553.76 reinforces near-term strength, showing that buying momentum is outpacing sell pressure. Volume has declined modestly, but the broader context of consistent closes above $83,000 reflects solid market absorption.
Bitcoin price forecast today leans bullish as the 4-day SMA trends above price, creating a compression zone between it and the 60-SMA. A daily candle close above $85,500 could confirm a breakout, targeting $88,000 short term. Failure to hold $84,000 would re-expose $82,300 as interim support.
Pi Network’s PI token seems to have entered a consolidation phase, as the price action has leveled off. Since April 16, the token has faced resistance at $0.66 while finding support at $0.60, creating a narrow trading range.
This signals a period of indecision in the market, with neither PI buyers nor sellers taking full control.
PI’s Price Action in Limbo
Readings from PI’s Aroon indicator confirm the recent stagnation in its price. As of this writing, the token’s Aroon Up Line (yellow) is at 0%, while its Aroon Down Line (blue) is in decline at 14.29%.
The Aroon indicator identifies market trends and determines whether a trend is strong or weak.
A 0% reading on the Aroon Up Line suggests that PI has not reached a new high recently, signaling a lack of upward momentum. Meanwhile, the Aroon Down Line’s decline to 14.29% indicates that the token has not been experiencing significant downward pressure either.
This trend suggests a balanced market, where neither bulls nor bears are taking the lead. The setup confirms that PI is in a consolidation phase, with a breakout in either direction dependent on shifts in market sentiment.
Further, the steady decline in PI’s Average True Range (ATR) since early March confirms the decrease in its market volatility and the shift towards consolidation. At press time, this indicator stands at 0.07.
The ATR indicator measures market volatility by calculating the average range between the high and low prices over a set period. When it falls like this, it indicates a decrease in market volatility, suggesting that price movements are becoming less erratic.
This often signals a period of consolidation or indecision in the market, as traders await a potential breakout or shift in direction. For PI, this is evident as both buyers and sellers hesitate, waiting for a catalyst to drive their next moves.
Will Bullish Momentum Drive PI to $1 or Will Bears Retake Control?
A breakout—whether to the upside or downside—could signal the start of a new trend, making PI a token to watch in the coming days. If bullish pressure soars and demand for the altcoin spikes, its price could witness a rally and attempt to break above the resistance at $0.66.
A successful breach of this level could propel PI’s price to $1.
