Whales Sell 765,128 TRUMP Tokens for $8.58 Million Loss

Two major holders of the TRUMP token sold 765,128 tokens for $8.58 million on May 4, 2025, incurring a loss of $2.34 million. The sale led to a price drop of over 10%, from $12 to $10.50, according to CoinGecko.

The sell-off increased trading volume by nearly 80%, reaching $15.3 million across platforms like Binance and KuCoin. This surge indicates potential panic among traders.

Key Details

Wallet 3kjP9L sold 337,560 tokens for $3.80 million, resulting in a loss of $1.38 million; previously profited $196,000.
Wallet 7X6Vun offloaded 427,568 tokens for $4.77 million, incurring a loss of $961,000 after a prior gain of $732,000.
As of now, TRUMP is priced at $11.18, down 27% over the past week.
Recent news of gala invitations from Donald Trump had initially boosted the token's price earlier in the week.

A report states that Trump's crypto-related assets constitute nearly 40% of his wealth, estimated at approximately $2.9 billion, which includes the TRUMP and MELANIA meme coins. Additionally, the firm World Liberty Financial, linked to Trump, plans to secure a $2 billion investment for stablecoin products.