A new Solana wallet withdrew $5M in TRUMP tokens from OKX, backed by SOL transfers, suggesting high-value strategic intent.
TRUMP hovers near support as DWTC eyes long entries between $10.36–$9.87, targeting a breakout move to $15–$22.
Solana gains 5.24% as major traders unwind short positions, signaling rising confidence and increasing institutional activity.
A newly created Solana wallet withdrew $5.02 million worth of TRUMP tokens from crypto exchange OKX. The high-value transaction was accompanied by strategic SOL transfers, pointing to coordinated on-chain positioning.
A wallet labeled [DwEUHQSR] withdrew 437,590 TRUMP tokens from OKX, worth over $5.02 million, according to a report by Onchain Lens. Blockchain data shows all movements occurred on the Solana network within a one-hour window. The wallet also received two SOL transfers from OKX, including a micro-transaction and a 12 SOL injection from the exchange’s hot wallet.
The 0.00204 SOL transfer, valued at $0.33, likely served as a fee buffer before the main token push. The larger 12 SOL deposit, worth nearly $2,000, bolstered operational liquidity for further blockchain interactions. These small but significant actions confirm OKX’s active involvement in managing strategic outflows.
Every transaction was successfully recorded without failure, ensuring full Solana chain transparency. The wallet has shown no return flows to OKX, indicating deliberate outbound asset movement. Total value across all three transfers exceeds $7 million, reflecting high-stakes repositioning within the Solana ecosystem.
Identifying Entry Points Following Steep Pullback
The TRUMP perpetual pair has entered a key demand zone between $10.36 and $9.87. The posted trading plan highlights a potential long setup, targeting $15 to $22 upside, with risk management at $9.876. The structured setup builds off recent dips, marked by large-volume candles and short-term price recoveries.
The current 4-hour chart shows TRUMP trading near $11.263 on MEXC, with resistance overhead at $11.546. Recent volatility created multiple reaction points, including a failed support hold above $13.00. Volume on the most recent candle printed at 4.67 million, signaling strong interest around the low range.
TRUMP’s structure shows consistent lower highs since the $17.800 rejection, forming a clear descending trend. The $16.114 rebound zone now acts as a near-term liquidity target if bullish momentum returns. A breakdown below $8.780 would invalidate the current range and suggest deeper continuation into June
Solana Liquidity Metrics Confirm Institutional Engagement
Solana (SOL) traded at $154.88 on May 30, gaining 5.24% over the day on CoinMarketCap. The consistent performance strengthens the chain’s appeal as a settlement layer for high-value DeFi and memecoin capital movements. TRUMP token’s Solana integration leverages its low-latency structure and high transaction finality.
A top trader by PnL on Hyperliquid recently reduced their short position in SOL, signaling sentiment moderation. Whale Watch Perps reported the trader’s position sits at $189.61K, with a short average entry of $154.47. The proximity of SOL’s price to this entry level reveals mounting liquidation pressure from derivative traders.
As liquidity increases around both TRUMP and SOL assets, network metrics suggest positioning aligned with institutional-grade wallet flows. Active wallets continue to use OKX hot wallet paths for capital realignment, highlighting Solana’s role in concentrated token reallocation.
The post $5M TRUMP Transfer Hits Solana as OKX Wallet Flows Point to Strategic Moves appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
