The TRUMP meme coin faces heavy selling pressure as whales and the #TRUMP Meme Team move substantial holdings to new wallets. #OneBigBeautifulBill
Key Notes
Notable transactions include the sale of 275,672 TRUMP tokens worth $2.49 million by a major holder, adding to an earlier sale of 100,000 tokens.
The TRUMP Meme Team bridged $4.4 million USDC to Ethereum and transferred 347,438 TRUMP kens to a new wallet.
TRUMP's price broke above the resistance of a falling wedge formation on June 25, indicating a potential rally of up to 55%.
#TRUMP $8.57 meme coin is currently facing huge selling pressure amid removed sell-off by whales, along with the TRUMP Meme Team moving a large amount of coins to new wallets.#StrategyBTCPurchase
The Solana SOL$146.7 meme coin is currently trading 80% below its all-time high from January 2025. Investor sentiment remains low, even after Donald Trump’s DeFi venture, World Liberty Financial, announced a TRUMP token purchase earlier this June.
TRUMP Meme Coin Sees Large Sell Orders
A notable TRUMP token holder has been quietly offloading significant holdings, sparking curiosity within the crypto community.
According to the data from Solscan, the wallet address “Kewh32” placed a limit order to sell 275,672 $TRU$TRUMP ns, valued at $2.49 million. This follows a similar move 15 days ago, when the same wallet sold 100,000 TRUMP for $2.49 million via another limit order.
Despite these transactions, the wallet still holds 369,400 TRUMP valued at $3.31 million, leaving market participants speculating about the trader’s long-term strategy.
TRUMP whale selloff – Source: Solscan
The Trump Meme Team withdrew $4.4 million in USDC and 347,438 TRUMP lued at $3.12 million, from liquidity pools six hours ago.
Following the withdrawal, the team bridged the $4.4 million USDC to the Ethereum ETH$2 501 network.
Around the same time, the 347,438 TRUMPS transferred to a newly created wallet, raising questions about their strategic plans and potential market impact.
Related article: MELANIA Team Sells 82 Million Tokens, Meme Coin Tanks 80%
The transactions have caught the attention of the crypto community, sparking speculation about their impact on TRUMP token liquidity. A similar pattern has been noted with the MELANIA meme coin, fueling concerns about potential insider selling.
TRUMP Price Eyes 55% Upside
On June 25, the price of $TRUMP The upper trendline of a falling wedge formation, signaling the potential for a significant rally of up to 55%.
A falling wedge is a bullish reversal pattern characterized by two converging downward-sloping trendlines. This setup often culminates in a breakout above the upper trendline, with price gains usually matching the maximum height of the wedge
TRUMP meme coin breakout – Source: TradingView
The TRUMP token has surpassed the resistance of its falling wedge pattern, setting a breakout target of $14.49. This represents a potential 55% increase from its current price level, based on the wedge’s maximum height.#Write2Earn