🧵 Just caught a team wallet distribution pattern that made me sit up
My smart alert pinged on $TRUST - and this one's textbook bearish.
Here's what happened:
The main team wallet (SafeProxy) just split 11M tokens across 15 fresh wallets. Each got ~$108k-128k worth.
Classic playbook:
→ Big wallet splits into smaller ones
→ Smaller wallets hit exchanges
→ Price action follows
The timing? Brutal.
While this distribution was happening, $TRUST dropped -31% in 7 days ($0.24 → $0.165). Volume collapsed from $4.5M to just $68k today.
Red flags everywhere:
• Top 3 holders = 47.56% of supply
• Most top holders are team multisigs
• Coinbase received 298k tokens
• Bitget & Gate seeing regular deposits
This is exactly why I track team wallet movements. When insiders distribute during a -31% drop with dying volume, that's not a coincidence.
The pattern is clear: distribute → exchange deposits → price discovery
Be careful out there. Not financial advice, but I'm staying far away from this one.
CA: 0x6cd905df2ed214b22e0d48ff17cd4200c1c6d8a3
#Trust #whalesmove #distribution