The Trump-themed PolitiFi memecoin TRUMP is once again under pressure as major holders offload millions in advance of a high-profile VIP dinner hosted by Donald Trump himself. The event, scheduled for May 22, 2025, is designed to honor the top 220 holders of the TRUMP token—but it seems not everyone is staying for dessert.
Me Watching $TRUMP 👀 pic.twitter.com/VKVtbsRLec— Mr.Bull🚀 (@Danameer12) May 13, 2025
Massive Sell-Off: Two Whales Exit with $6.4 Million
According to blockchain tracking service LookOnChain, two significant TRUMP coin whales sold a combined $6.4 million worth of tokens in the past 24 hours. One investor liquidated 276,968 TRUMP coins for $3.54 million, swallowing a loss of $454,000. Another whale sold 228,414 TRUMP coins for $2.92 million, incurring a $42,000 deficit.
Few people have been able to make money on $T$TRUMP cently.Today, 2 more whales sold all $TRU$TRUMP loss.3hA7ex sold 276,968 $TRUMP($3.54M) at a loss of $454K.DyzM5w sold 228,414 $TRUMP($2.92M) at a loss of $42K.https://t.co/DO98ovJhTAhttps://t.co/DG97zik6C2… pic.twitter.com/rfBjLtyJt0— Lookonchain (@lookonchain) May 13, 2025
This mass exit underscores ongoing concerns about the coin’s viability, despite Trump’s endorsement and planned public appearance.
TRUMP Coin's Fall from $73 High to Single Digits
Launched on Inauguration Day 2025, the TRUMP coin once soared to an all-time high of $73.50 on January 19. However, its price has since plummeted back to single-digit territory, reflecting volatility typical of memecoins—especially those tied to political branding.
Despite a recent bounce sparked by Trump’s planned dinner in Washington, D.C., the price has remained volatile, unable to sustain bullish momentum.
On-Chain Data Signals Bearish Trend
Market indicators such as the Chaikin Money Flow (CMF) have stayed well below zero since May 10, suggesting that outflows continue to dominate. Analysts point to a growing trend of large wallet addresses gradually reducing exposure, possibly due to concerns over token unlock schedules or looming regulatory risk.
Trump’s Crypto Involvement Adds to the Pressure
While Trump’s pro-crypto rhetoric has galvanized parts of the blockchain industry, it may be creating legislative friction behind the scenes. Sources close to Congress indicate that Trump’s overt involvement with TRUMP coin and the broader crypto space is slowing progress on stablecoin legislation currently in development.
“Trump’s entry into crypto is a double-edged sword. It’s energizing the community, but it’s also triggering backlash from lawmakers,” said a Capitol Hill staffer familiar with the situation.
VIP Dinner Draws Big Names Despite Market Jitters
The May 22 VIP dinner will bring together the top 220 TRUMP coin holders, with key industry figures like Tron founder Justin Sun reportedly on the guest list. The event is viewed as both a marketing move and a strategic statement about Trump’s deepening ties to digital assets.
Still, the timing of these major sell-offs raises doubts about long-term confidence, even among insiders.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
The post appeared first on CryptosNewss.com
