US President Donald Trump’s namesake meme token has tumbled laborious, slumping almost 90% from its all-time excessive set six months in the past.
At present, TRUMP is buying and selling at $8.80, down 6% within the final seven days. Merchants are on edge after the undertaking’s staff yanked $4.4 million in USDC from liquidity swimming pools and a single whale lined up a $2.5 million promote order.
Staff Pulls Thousands and thousands From Liquidity
In line with a latest put up on X by Lookonchain, the Trump Coin staff withdrew $4.4 million price of USDC and moved 347,438 TRUMP tokens—valued at $3.12 million—from the principle liquidity pool right into a contemporary pockets.
The #Trump Meme Staff eliminated 4.4M $USDC and 347,438 $TRUMP($3.12M) in liquidity 6 hours in the past.
They then bridged 4.4M $USDC to #Ethereum and transferred 347,438 $TRUMP($3.12M) to a brand new pockets.https://t.co/ORSLE6vJiAhttps://t.co/SYyNae1nio pic.twitter.com/okTk1u0Ow9
— Lookonchain (@lookonchain) June 26, 2025
That transfer got here with none heads-up or clear purpose. Now, many traders fear that the staff is likely to be getting ready to dump cash, which might add promoting stress to a coin already combating low demand.
Whale Locations Big Promote Order
Based mostly on stories, a serious pockets often called Kewh32 has put 275,672 TRUMP tokens in the marketplace, roughly $2.5 million at present costs.
This whale additionally offered 100,000 tokens earlier in June and nonetheless holds 369,400 cash. If these tokens ever hit exchanges, the added provide might push the value even decrease.
Value Sample Provides Blended Sign
On the each day chart, TRUMP has traced out a falling wedge sample. That setup typically results in a breakout, however solely when consumers step in with power. Right here, buying and selling volumes stay weak.
The relative power index (RSI) has sat under 50 for over a month, signaling that sellers are nonetheless in management. On the similar time, the Superior Oscillator simply flipped inexperienced—albeit nonetheless under zero—which hints that bearish momentum could also be fading.
Investor Confidence Falters
Many merchants are watching the $8 to $9 vary intently. A failure to carry above $8 might spell extra losses and take a look at deeper assist. Proper now, there’s no signal of a robust rally. With out contemporary shopping for curiosity or constructive information, the downtrend contained in the wedge seems to be set to proceed.
It received’t take a lot to spark a brief squeeze—possibly a burst of social media hype or a giant purchase from one other whale. However belief within the token’s staff is shaky after the latest liquidity pull. Till on-chain exercise reveals actual demand, most market gamers anticipate extra uneven buying and selling and decrease costs.
Featured picture from Unsplash, chart from TradingView
