TRUMP memecoin surges 10% amid $13.57M liquidations and GOLD token confusion
OFFICIAL TRUMP (TRUMP)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that the Official Trump memecoin experienced extreme volatility, surging 10.2% to flip $3 resistance and reach a high of $3.06 before dropping to $2.6 and recovering to $2.7. The pump was initially driven by investors mistakenly believing the recently launched GOLD token was TRUMP 2.0. Sentiment shifted when Lookonchain reported that 15 wallets purchased GOLD and subsequently sold their holdings, exiting the market with over $312k in profit.
This volatility triggered a wave of liquidations totaling $13.57 million, with $8.4 million in longs and $5.1 million in shorts being liquidated. Futures netflow dropped 5614% to -$68 million, indicating that traders mostly closed their positions. Open interest fell 6.4% to $279 million while derivatives volume rose 23% to $3.3 billion, further validating the exit from positions.
Spot market netflow turned positive for the first time in five days, reaching around $4.5 million, which signals increased selling pressure as more TRUMP entered exchanges. Despite this, the Relative Strength Index remains elevated at 73, suggesting the uptrend is intact and buyers are still in control. The coin holds above both short-term and long-term moving averages, maintaining a bullish structure. If bulls absorb the pressure, TRUMP could reclaim $3 and eye $3.6 resistance, but persistent pressure could breach $2.7 toward $2.2 support.
How the market reacted
Whalio's own Binance spot order flow for TRUMP, measured when this story was written up on 30 August 2026. Not the outlet's figures.
Whalio data shows TRUMP trading at $2.68 with a 1-hour buy ratio of 49.1% and a 4-hour buy ratio of 46.5%, indicating slightly more selling than buying in the short term. Over the last 24 hours, the buy ratio sits at 51.4%, showing a marginal edge for buyers over the longer timeframe. The 1-hour volume delta is negative at -$13,779, while the 4-hour delta is -$659,064, suggesting immediate selling pressure. However, the 24-hour volume delta is positive at +$2,462,590, and the cumulative volume delta (CVD) closed at +$868,388, indicating net buying over the full day. These figures suggest that while short-term traders are selling, the daily trend remains net positive. The market has seen 10 hours of net buying out of 24, with a total spot volume of $85,138,257 and 743,956 trades recorded.
The latest daily buy ratio of 49.2% sits at the 50th percentile of the last 281 days, against a median of 49.2% - ordinary for this coin.
Twenty-four hours later
What TRUMP did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for TRUMP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.1%, meaning the current 24-hour ratio of 51.4% is 1.4 percentage points higher than the weekly average. This indicates a slightly more bullish sentiment today compared to the recent norm. Weekly volume was 0.82x the average, suggesting lower trading activity than usual for this period. The coin saw 3 days of net buying out of 7, with a total 8-day volume delta of +$13,002,640 and an 8-day price change of +12.4%. This context places today's trading within a broader uptrend, though volume remains below the weekly average.