The TRUMP meme coin faces heavy selling pressure as whales and the TRUMP Meme Team move substantial holdings to new wallets.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
TRUMP TRUMP $8.96 24h volatility: 1.0% Market cap: $1.79 B Vol. 24h: $292.39 M meme coin is currently facing huge selling pressure amid removed sell-off by whales, along with the TRUMP Meme Team moving a large amount of coins to new wallets.
The Solana SOL $142.1 24h volatility: 1.3% Market cap: $75.91 B Vol. 24h: $3.69 B meme coin is currently trading 80% below its all-time high from January 2025. Investor sentiment remains low, even after Donald Trump’s DeFi venture, World Liberty Financial, announced a TRUMP token purchase earlier this June.
A notable TRUMP token holder has been quietly offloading significant holdings, sparking curiosity within the crypto community.
According to the data from Solscan, the wallet address “Kewh32” placed a limit order to sell 275,672 $TRUMP tokens, valued at $2.49 million. This follows a similar move 15 days ago, when the same wallet sold 100,000 $TRUMP tokens for $2.49 million via another limit order.
Despite these transactions, the wallet still holds 369,400 $TRUMP tokens, valued at $3.31 million, leaving market participants speculating about the trader’s long-term strategy.
TRUMP whale selloff – Source: Solscan
The Trump Meme Team withdrew $4.4 million in USDC and 347,438 $TRUMP tokens, valued at $3.12 million, from liquidity pools six hours ago.
Following the withdrawal, the team bridged the $4.4 million USDC to the Ethereum ETH $2 434 24h volatility: 0.1% Market cap: $293.57 B Vol. 24h: $15.75 B network.
Around the same time, the 347,438$TRUMP tokens were transferred to a newly created wallet, raising questions about their strategic plans and potential market impact.
The transactions have caught the attention of the crypto community, sparking speculation about their impact on TRUMP token liquidity. A similar pattern has been noted with the MELANIA meme coin, fueling concerns about potential insider selling.
On June 25, the price of $TRUMP climbed past the upper trendline of a falling wedge formation, signaling the potential for a significant rally of up to 55%.
A falling wedge is a bullish reversal pattern characterized by two converging downward-sloping trendlines. This setup often culminates in a breakout above the upper trendline, with price gains usually matching the maximum height of the wedge
TRUMP meme coin breakout – Source: TradingView
The TRUMP token has surpassed the resistance of its falling wedge pattern, setting a breakout target of $14.49. This represents a potential 55% increase from its current price level, based on the wedge’s maximum height.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
