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US President Donald Trumps namesake meme token has tumbled hard, slumping nearly 90% from its all-time high set six months ago.
Today, TRUMP is trading at $8.80, down 6% in the last seven days. Traders are on edge after the projects team yanked $4.4 million in USDC from liquidity pools and a single whale lined up a $2.5 million sell order.
According to a recent post on X by Lookonchain, the Trump Coin team withdrew $4.4 million worth of USDC and moved 347,438 TRUMP tokensvalued at $3.12 millionfrom the main liquidity pool into a fresh wallet.
The #Trump Meme Team removed 4.4M $USDC and 347,438 $TRUMP($3.12M) in liquidity 6 hours ago.
They then bridged 4.4M $USDC to #Ethereum and transferred 347,438 $TRUMP($3.12M) to a new wallet.https://t.co/ORSLE6vJiAhttps://t.co/SYyNae1nio pic.twitter.com/okTk1u0Ow9
Lookonchain (@lookonchain) June 26, 2025
That move came without any heads-up or clear reason. Now, many investors worry that the team might be preparing to dump coins, which would add selling pressure to a coin already struggling with low demand.
Based on reports, a major wallet known as Kewh32 has put 275,672 TRUMP tokens on the market, roughly $2.5 million at current prices.
This whale also sold 100,000 tokens earlier in June and still holds 369,400 coins. If those tokens ever hit exchanges, the added supply could push the price even lower.
On the daily chart, TRUMP has traced out a falling wedge pattern. That setup often leads to a breakout, but only when buyers step in with strength. Here, trading volumes remain weak.
The relative strength index (RSI) has sat below 50 for over a month, signaling that sellers are still in control. At the same time, the Awesome Oscillator just flipped greenalbeit still below zerowhich hints that bearish momentum may be fading.
Many traders are watching the $8 to $9 range closely. A failure to hold above $8 could spell more losses and test deeper support. Right now, theres no sign of a strong rally. Without fresh buying interest or positive news, the downtrend inside the wedge looks set to continue.
It wont take much to spark a short squeezemaybe a burst of social media hype or a big buy from another whale. But trust in the tokens team is shaky after the recent liquidity pull. Until on-chain activity shows real demand, most market players expect more choppy trading and lower prices.
Featured image from Unsplash, chart from TradingView