A whale with insider information was likely responsible for the 50% drop in the price of TRUMP, the official memecoin of Trump. At its peak, TRUMP seemed unstoppable, but a massive sell-off by a whale triggered the decline. According to Bubblemaps, the whale involved had accumulated the token before splitting its holdings into 10 new wallets, making profits of $85 million and retaining $75 million more in tokens.

The sale, which occurred shortly after the publication by Melania, caused the price of TRUMP to drop from over $72 to $40. Although the market partially recovered with the momentum of Bitcoin, the whale's behavior fueled suspicions of insider knowledge, as it appeared to have early access to the token.

The activity of the whale's wallet, which was linked to other tokens and quick sale strategies, sparked speculation about possible manipulation. Additionally, it is suspected that some members of the Solana ecosystem may have had prior knowledge of the launch of TRUMP. The addresses involved in the early purchase, such as ff.sol, were linked to other trending tokens, suggesting that these wallets were exploiting the trend of political tokens for quick profits.