Trump Coin Crash! Team Frenziedly Dumping 20 Million Dollars, Dinner Turns into 'Leek Feast'
Tonight, the crypto world exploded — the Trump Coin (TRUMP) team suddenly dumped 20 million dollars, taking advantage of the excitement from the presidential dinner, causing the market to bleed profusely. On-chain data starkly shows that Binance absorbed 700,000 chips, while other exchanges were also crazily sold off, almost like a meticulously planned 'harvesting operation'.
"Liquidity Management" or "High Position Cashing Out"?
The team claims it's 'adjusting liquidity', but the seasoned investors know better — this is just taking advantage of the FOMO sentiment to offload! Trump previously stated, 'The top 220 holders can have dinner together', and as a result, the coin price skyrocketed 70% within a week, trading volume surged to 2.4 billion dollars, and at the peak of excitement, when else would they cut and run?
Ironically, at the dinner venue, Adam Schiff and Elizabeth Warren were present, as the team promoted the coin while secretly dumping it, artificially inflating the market cap by 100 million dollars, only to then accurately detonate it, achieving both political hype and capital harvesting simultaneously.
On-chain data exposes the truth: big players left early, retail investors caught the flying knives
The Trump team holds 80% of the circulating chips, having just unlocked 40 million coins in April, and this 20 million dollar dump is merely an appetizer. In the past 7 days, there has been a net outflow of 869 million, and the smart money has long since slipped away, leaving retail investors standing guard at the high of 16 dollars, while the coin price has now fallen back below 14 dollars.
There may be a short-term rebound, but the trend is already gone; this operation is reminiscent of when Musk played with Dogecoin — the excitement is maxed out, and the scythe falls. Do you still dare to charge in? Be careful not to become the main dish of the next 'dinner'.
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