By Khalil ur Rehman
The price of OFFICIAL TRUMP ($TRUMP coin dropped 1.6% in the past 24 hours — and here’s why:
1. Whale Sell-Offs Post Crypto Dinner
After Donald Trump’s exclusive May 22–24 crypto dinners, top $TRUMP holders began selling off their large holdings. On-chain data shows the top 25 wallets dropped 56% of their tokens, flooding the market and triggering a sell pressure wave.
2. Technical Breakdown
TRUMP failed to hold above key moving averages like the 20-EMA ($13.69) and 100-$EMA ($13.23). Indicators such as MACD and RSI show bearish momentum. Support now lies near $12.62.
3. Political & Regulatory Concerns
US lawmakers raised concerns over Trump’s direct involvement in crypto promotions, calling them "crypto corruption." This spooked some investors and added to the negative sentiment.
Conclusion:
While the recent dip reflects profit-taking and technical weakness, the meme-fueled Trump coin could rebound with future political hype — but regulatory risk remains a serious threat
