TRUMP Meme Coin Experiences Significant Whale Sell-off Amid Market Concerns
The TRUMP meme coin is experiencing significant selling pressure due to whale sell-offs and large transfers by the TRUMP Meme Team. Key points include:
- Current trading is 80% below its all-time high from January 2025.
- A notable holder sold 275,672 $TRUMP tokens for $2.49 million; previously sold 100,000 $TRUMP tokens for the same value.
- This wallet still holds 369,400 $TRUMP tokens, valued at $3.31 million.
- The Trump Meme Team withdrew $4.4 million in USDC and 347,438 $TRUMP tokens from liquidity pools.
- These tokens were transferred to a new wallet, raising speculation about market impact.
- The price of $TRUMP could potentially increase by 55%, following a breakout from a falling wedge pattern.
The breakout target is set at $14.49, indicating potential gains based on the wedge's height.
TRUMP whale selloff – Source: Solscan
TRUMP meme coin breakout – Source: TradingView