TRUMP has come under significant pressure in recent days, largely due to high-volume sell-offs by whales and strategic wallet movements by the TRUMP Meme Team.
Recent blockchain data reveals that a major holder of the TRUMP token, identified as wallet address “Kewh32” on Solscan, has begun unloading large amounts of TRUMP coins. On-chain data shows:
Despite these sales, the wallet still retains approximately 369,400 $TRUMP tokens, currently valued at $3.31 million. These actions have triggered speculation about a potential strategic exit or reallocation.
Liquidity Withdrawals Spark More Concerns
Further shaking investor confidence, the TRUMP Meme Team recently withdrew:
These tokens were pulled from liquidity pools and later bridged to the Ethereum (ETH) network, raising eyebrows in the crypto community.
Strategic Wallet Movements
The withdrawn tokens were transferred to a newly created wallet shortly after the bridge, prompting concerns over insider movements or liquidity manipulation.
The move draws parallels with recent developments in the MELANIA meme coin, where insider selling led to a significant price crash.
Is A Rebound Imminent?
While short-term sentiment around the Trump Coin remains bearish, technical indicators point toward a possible bullish reversal.
On June 25th, TRUMP’s price broke out of a falling wedge formation — a bullish pattern characterized by two downward-sloping, converging trendlines.
What the Pattern Suggests:
If momentum builds and buyer confidence returns, this technical breakout could serve as a turning point for TRUMP Coin.
Trump Coin Crypto News Sentiment
Despite the bearish pressure from whale sell-offs and liquidity shifts, the broader community is watching closely for signs of stabilization or a confirmed trend reversal.
Earlier in June, Donald Trump’s DeFi venture, World Liberty Financial, announced a significant purchase of the TRUMP token. This move briefly uplifted sentiment, though it was not enough to reverse the larger downtrend caused by internal team movements and sell pressure.
Trump Coin is a meme-inspired cryptocurrency tied to the political brand of Donald Trump. It’s currently built on the Solana (SOL) blockchain and has seen volatile price swings due to speculative trading and high-profile endorsements.
Why is the TRUMP token dropping in value?
The recent drop in TRUMP’s value is largely attributed to:
Will Trump Coin recover in 2025?
While short-term volatility persists, the recent breakout from a falling wedge pattern suggests a potential for recovery. A rally to $14.49 is possible if technical momentum continues.
Is Donald Trump officially involved with the TRUMP token?
