- Whale Wallet Dumps $2.49M in TRUMP Tokens, Fueling Sell Pressure.
- “Trump Meme Team” Pulls $3.1M Liquidity Amid ETF Filing Buzz.
- TRUMP Token Drops 40% in 60 Days but Still Up 645% YTD.
The TRUMP token is facing increasing sell pressure just as the New York Stock Exchange (NYSE) throws its weight behind Donald Trump’s financial ambitions. In a striking development, the NYSE has filed with the U.S. Securities and Exchange Commission (SEC) to list a proposed Truth Social ETF, one that could hit markets within 90 days if approved. This would mark a major expansion of Trump’s growing push into crypto and digital finance.
But as political finance meets digital assets, the TRUMP token is being hammered on multiple fronts. According to blockchain analytics firm Lookonchain, a major whale wallet recently offloaded $2.49 million worth of TRUMP tokens. Even more concerning, the same wallet sold 100,000 TRUMP (worth around $1 million) just two weeks ago and still holds over 369,000 TRUMP, valued at approximately $3.3 million. The pattern suggests deliberate offloading, reminiscent of strategic pre-election tax positioning.
The situation escalated further when the so-called “Trump Meme Team” yanked liquidity from the TRUMP market. They reportedly removed 4.4 million USDC and 347,438 TRUMP tokens, together worth about $3.12 million, before bridging the stablecoins to Ethereum and transferring the tokens to a new wallet. While some interpret the move as basic housekeeping, others suspect a veiled exit strategy, especially given the token’s recent downturn.
Also Read: Trump-Linked WLFI Sparks $TRUMP Token’s Explosive Surge
TRUMP Token Drops 40% Still Up 645 YTD
TRUMP’s price performance reflects the turbulence. The token has slumped nearly 40% over the past 60 days and experienced a modest dip in the last 24 hours. Still, year-to-date, TRUMP remains up 645%, currently trading at $8.93. Its 24-hour trading volume is robust at $268 million, showing that interest, whether bullish or bearish, remains strong.
Meanwhile, its partner meme token, Official Melania Meme (MELANIA), has not fared as well. Since launch, MELANIA has collapsed 98% from its all-time high of $13.73, now trading at $0.2085.
Despite this volatility, Trump Media continues to push deeper into the crypto space. The company has floated ideas for both a combined Bitcoin and Ethereum ETF and a standalone Bitcoin ETF. They’ve also teased a massive $2.5 billion fundraise aimed at making Truth Social one of the world’s top institutional Bitcoin holders.
Yet, perhaps the most intriguing detail lies in the ownership structure: DJT, the parent firm of Truth Social, is 52% owned by a Trump family trust. Should these ETFs gain traction and liquidity mysteriously return to Token, Donald Trump could find himself at the center of a meme-driven crypto resurgence powered by ETF flows and political momentum.
As of Thursday, the global crypto market cap hovers at $3.31 trillion. Bitcoin is trading at $107,439 after surging past $108,000 earlier this week, fueling speculation that the TRUMP token drama is far from over.
Also Read | Trump-Linked Wallet Moves About $32.8M in $TRUMP Tokens to Binance
