#Trump
Time to sell your Trump coin before it's too late . . sell sell sell . .
๐๐๐๐๐๐โคโคโคโค
๐๐จ ๐๐๐๐๐ ๐๐ง๐๐๐ ๐พ๐ง๐๐จ๐ ๐๐ค๐ค๐ข๐๐ฃ๐ ๐ผ๐ข๐๐ $4.4๐ ๐๐๐ฆ๐ช๐๐๐๐ฉ๐ฎ ๐๐ญ๐๐ฉ
Trump Coin (TRUMP) has crashed by 88% from its all-time high created six months ago. As bearish pressure mounts on the largest Solana-based meme coin, the official team has pulled $4.4 million in liquidity while a whale has placed a $2.5 million sell order. As bearish pressure mounts, is a collapse imminent, or will a falling wedge pattern fuel recovery? TRUMP price is trading at $8.92 today, June 26, with a 2% drop in 24 hours.
According to a recent X post by Lookonchain, the Trump Coin team withdrew $4.4 million worth of USDC coins from liquidity pools recently. At the same time, they also transferred 347,438 TRUMP tokens, valued at $3.12 million, from liquidity to a new wallet, creating bearish concerns around TRUMP price.
This transfer could cause a spike in trader uncertainty. Given that there were no details on these transfers, traders might interpret the move as a preparation to dump or a looming selloff for a coin that is already struggling with low demand.
Besides this transfer, on-chain data also shows that a whale address has been quietly selling as the TRUMP price plummeted. During the same period that the team moved $4.4M worth of TRUMP from liquidity, this whale, known as Kewh32, opened a sell order for 275,672 TRUMP coins valued at nearly $2.5 million.
This whale has been on a selling spree after selling 100,000 TRUMP tokens earlier this month. They still hold 369,400 coins, and if this behaviour continues, the tokens could end up on exchanges, supporting a bearish