On-chain data shows wallets linked to TRUMP Coin’s deployer transferring about $94 million in USDC to centralized exchanges, fueling speculation the project is collapsing. The alleged sell-off raises concerns about liquidity and investor losses.
Bitcoin slipped under $98,000 on Nov. 14 amid a broad crypto selloff, while custody firm Anchorage added 4,094 BTC to its holdings during the downturn. The juxtaposition of heavy selling and sizable institutional buying is drawing market attention.
Santiment says social sentiment around Bitcoin, Ethereum and XRP has fallen sharply as a selloff pushes traders into defensive posture, even as on-chain and momentum readings hint at short-term bottom signals.