Trump Coin ($BTC TRUMP) Crashes After Whale Dump — Panic Grips Market
Last night, Trump Coin ($BTC TRUMP) saw a dramatic crash as two whales offloaded over $8.5 million in tokens. The sell-off followed the underwhelming Trump dinner event, which failed to meet investor expectations.
Market Sentiment Turns Bearish
Tracking data from AlvaApp and Lookonchain shows a clear shift:
MACD triggered a bearish crossover
RSI plunged into single digits
Exchange inflows surged — a classic sign of panic selling
Whales Take Heavy Losses
Wallets 3kjP9L and 7X6Vun dumped 765,128 $TRUMP, swallowing a combined $2.34M loss and erasing $1.42M in original investment. This kind of capitulation sent shockwaves through the market.
No Big Buyers Yet
No major players have stepped in. With support levels broken and liquidations triggered, the bears are in control. A recovery looks unlikely without strong buy pressure — though a short relief rally is still possible.
Trump's Crypto Ties Under Fire
Trump’s comments — “I heard it was very successful” — didn’t calm the market. Behind the scenes:
His entities reportedly earned $300M+ in fees
A $2B crypto deal with Abu Dhabi could yield $27M/year
Ethics watchdogs are raising conflict-of-interest concerns
The shadow over $BTC TRUMP’s credibility is growing. Until trust and technicals recover, caution is key.
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