TRUMP Token Drops Nearly 90% as Team Withdraws $4.4 Million in Liquidity

The meme token related to US President Donald Trump has decreased nearly 90% from its peak six months ago, currently trading at $8.80, a 6% decline over the past week. Concerns among traders have risen after the project team withdrew $4.4 million in USDC from liquidity pools and a whale placed a substantial sell order.

Key Developments

The Trump Coin team removed $4.4 million in USDC and 347,438 TRUMP tokens (valued at $3.12 million) from liquidity pools.
This withdrawal occurred without prior notice, raising concerns of potential further sell pressure.
A major wallet, Kewh32, has listed 275,672 TRUMP tokens for sale, valued around $2.5 million.
Kewh32 previously sold 100,000 tokens and still holds 369,400 coins, which could further impact prices if released.

Market Analysis

TRUMP's price chart shows a falling wedge pattern but lacks strong buying volume. The relative strength index (RSI) indicates sellers dominate, remaining below 50 for over a month. Recent activity on the Awesome Oscillator suggests bearish momentum may be waning.

Investor Sentiment

Traders are closely monitoring the $8 to $9 price range; failure to maintain above $8 may lead to further losses.
Confidence is low following the liquidity pull, with expectations of continued choppy trading unless demand increases.
A sudden positive event could trigger a short squeeze, but current market conditions suggest downward pressure persists.