Last night, we witnessed a dramatic crash in the Trump Coin ($BNB TRUMP) market as two major whales off
Last night, we witnessed a dramatic crash in the Trump Coin ($BTC TRUMP) market as two major whales offloaded over $8.5 million worth of tokens. This massive dump came right after the much-anticipated Trump dinner event, which clearly failed to live up to the hype and left investors disappointed.
I’ve Been Tracking the Market – and It’s Not Looking Good
Based on the data I’ve been following closely from platforms like AlvaApp and Lookonchain, it’s clear that the market sentiment has flipped hard. The MACD has shown a strong bearish crossover, and the RSI dropped into single digits — both are classic signs of panic selling. To make things worse, exchange inflows have surged, which usually means people are rushing to sell.
Two specific wallets, 3kjP9L and 7X6Vun, dumped a combined 765,128 $TRUMP tokens, taking a massive $2.34 million loss. What’s more shocking is that both wallets had previously been in profit, but this move not only erased their gains — they also burned through $BNB 1.42 million in original investment. This kind of capitulation sent a chilling signal to the market.
No Big Buyers Stepping In — Yet
One thing I’ve noticed is the complete absence of any large buyer stepping in to stabilize prices. Once the key support levels broke, panic kicked in across the board. Over-leveraged positions started getting liquidated, and it became clear the bears were in full control. Until we see a strong reversal or serious buying pressure, it’s hard to expect a meaningful recovery — though short relief rallies might still pop up.
Trump’s Crypto Ties Are Raising Eyebrows
Beyond the charts, there’s growing concern over Trump’s connections to crypto ventures. On his second day back in office, he casually brushed off questions about the meme coin, saying, “I heard it was very successful.” But behind the scenes, Trump-linked entities have reportedly earned over $300 million in trading fees just since January.
What’s even more controversial is the $BNB
2 billion crypto deal Trump’s firm, World Liberty Financial, struck with an Abu Dhabi-based company. Experts believe this deal could generate around $27 million a year. Ethics watchdogs and several political voices are raising serious conflict-of-interest concerns. And these issues are definitely starting to cast a long shadow over $BTC TRUMP’s credibility.
