币界网报道：Official Trump [TRUMP] has remained in stealth mode for the past 24 hours, with little movement. At press time, it is down just 0.02% — a negligible movement. This lack of price movement contrasts with ongoing developments: the TRUMP team is selling, while whales and retail investors continue to accumulate, and prices are at key levels. Is this a sign of decline? AMBCrypto answers. Despite the sell-off, TRUMP has barely moved. On-chain tracker Lookonchain reports that the team behind the TRUMP token has been selling, withdrawing $7.5 million in liquidity from the market. This withdrawal involved two tokens: the stablecoin USDC and TRUMP. The team sold $4.4 million worth of USDC in exchange for an equivalent amount of ETH. Most notably, they sold 347,438 TRUMP tokens, worth $3.12 million, at the time of writing. Normally, such selling behavior would send a warning signal, prompting investors to follow suit. But this time was different. The memecoin has barely moved in the past 24 hours, and AMBCrypto investigated why. According to data from Arkham Intelligence, the team’s allocation has remained largely unchanged despite the recent sell-off. At press time, the team controls 80% of the total supply, holding over 800 million TRUMP tokens worth $7.15 billion. This suggests that market participants consider recent sales to be insignificant, as the team still has a large remaining allocation. Whales Accumulate, On-Chain Holdings Remain High. As seen by Arkham Intelligence, accumulation has surged in recent days, especially among large entities. One notable example is Jupiter, a DEX aggregator, which purchased over 275,300 TRUMP tokens worth $2.44 million, a 365% increase in its portfolio. Other major players such as Ceffu, Stake.com, Robinhood, and OKX followed suit, purchasing a total of $11.9 million worth of TRUMP. Retail investors are also getting in on the action. They are also accumulating TRUMP, according to CoinGlass’s spot exchange net flow data. So far, the group has bought about $558,000 of the asset from the market. Derivatives traders are shorting TRUMP. However, in the derivatives market, as seen by Arkham Intelligence, the sentiment is bearish. Traders are betting on falling prices. At the time of writing, data shows that most derivatives traders on Arkham, ByBit, and OKX are opening short positions. Funding rates have turned negative — falling to -0.1%, -2.1%, and -4.0%, respectively. If this trend continues, it could hamper the upward momentum. However, the continued spot accumulation suggests that short traders could soon face liquidation risks.