Crypto shock! Nasdaq car company embraces $TRUMP payments! Whales fiercely dump 570,000 USD, 18% surge instantly evaporates
Beijing time June 27, 2025, 15:10, the US Nasdaq-listed car company Mullen (MULN) suddenly announced: Accepting Bitcoin and TRUMP Meme coin payments for electric vehicle purchases!” (covering Mullen/Bollinger commercial models), becoming the world's first traditional enterprise to incorporate political Meme coins into its payment system. As soon as the news broke, TRUMP surged 18% in a short time.
1. Threefold game behind the good news: Capital chess game within a chess game: Who is offloading on the good news? After the announcement, on-chain data anomalies:
1. A certain whale address instantly sold 820,000 TRUMP (worth 574,000 USD), causing the surge to plummet from 18% to 5%;
2. Trading volume surged 370% during the selling period, but the MACD green bar (-0.018) showed no contraction — a typical case of “news-driven rally, technical indicators not turning.”
3. Harsh truth: Earlier selling pressure of 2.89 million coins remains unresolved (accounting for 35% of daily trading volume), new good news becomes an escape window.
4. The “poisonous candy coating” of payment implementation: Mullen electric vehicles are priced at 30,000-60,000 USD, calculated at the current price of TRUMP at $0.7:
5. Each transaction requires consuming 420,000-850,000 tokens — liquidity simply cannot support it!
6. On-chain alarm: The number of TRUMP holding addresses increased only 1.2% in the past 7 days, far below similar Meme coins (SHIB +15% during the same period), genuine commercial demand is in doubt.
2. Current market is eerily split:
1. Good news stimulus: Price breaks through MA30 resistance (0.715 USD)
2. Volume betrayal: Rebound trading volume only maintained for 10 minutes, quickly returning to 0.08% zombie levels”
3. MACD dilemma: DIF/DEA still deeply trapped below the zero axis, the green bar's second expansion suggests bears have not left the market
3. Everyone please pay attention!!!!!!!!!!
1. After Chewy accepted DOGE payments in March 2024, Dogecoin plummeted 40% after the good news was realized;
2. On-chain data of TRUMP has exposed risks: Whale holdings have risen to 61% (centralized selling pressure is fatal)
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