Official Trump (TRUMP) experienced sharp volatility over the past day, surging 10.2% through the $3 resistance level to reach $3.06 before falling to $2.6 and recovering to about $2.7. The move followed confusion among investors who believed the recently launched GOLD token was TRUMP 2.0. Sentiment reversed after the team behind GOLD was accused of a rug pull, a term for an alleged project exit that leaves investors with losses. Lookonchain reported that 15 wallets sold their GOLD holdings and exited with more than $312,000 in profit. The price swings triggered more than $13.57 million in liquidations, including over $8.4 million in long positions and more than $5.1 million in short positions. Coinglass data showed $1.44 billion in TRUMP futures outflows against $1.38 billion in inflows, sending Futures Netflow down 5,614% to negative $68 million. Open Interest, the value of outstanding derivatives contracts, fell 6.4% to $279 million, while derivatives volume rose 23% to $3.3 billion, indicating that traders were closing positions amid heightened activity. Spot Netflow, which tracks token movement into and out of exchanges, also turned positive on Aug. 29 after remaining negative for five consecutive days and stood at about $4.5 million, suggesting increased exchange deposits and selling pressure. Despite those risks, TRUMP’s momentum remained bullish, with its Relative Strength Index (RSI), a momentum indicator, at 73 and the token trading above its short- and long-term moving averages. The bullish structure could remain intact if buyers absorb the selling pressure, allowing TRUMP to reclaim $3 and target $3.6 resistance. Continued pressure could instead push the memecoin below $2.7, with $2.2 identified as the next support level.