After a sharp drop in the TRUMP token’s price, the market is buzzing — are whales exiting the project? Recent large wallet movements confirm: big players are losing interest, and it’s already impacting both the price and investor sentiment.
What happened?
On May 5, two major wallets sold 765,128 TRUMP tokens worth 8.58 million, realizing a combined loss of 2.34 million. As a result, the token’s price dropped 12.5% in just two hours, from 12.10 to 10.59.
On May 4, a whale withdrew 200,000 TRUMP from OKX, worth about 2.546 million.
Previously, on April 26, another whale pulled 413,530 tokens from Binance and Bybit, totaling 5.66 million.
At the same time, whales also began selling related tokens, like $MELANIA, which dropped by 32.1% in a single day.
What does it mean for investors?
Such whale activity — mass selling and withdrawing from centralized exchanges — is often a red flag. It may indicate that smart money is exiting, which can signal further drops or market shake-ups.
Technical indicators don’t look good either:
MACD is turning bearish
RSI is heading toward the oversold zone
Should you panic?
While TRUMP is still trending in crypto media and has some retail support, it’s a good time to reassess your exposure. If you entered during the meme hype, consider tightening stop-losses or taking partial profit.
We’ll keep tracking the story. Are you still holding TRUMP? Or did you sell already? Drop your thoughts in the comments!
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