TRUMP Token Plummets 10% as Whales Sell $8.58M, Price Drops to $10.50

On May 4, 2025, two significant holders of the TRUMP token executed a substantial sell-off, disposing of 765,128 tokens for a total of $8.58 million. This abrupt transaction resulted in a loss of $2.34 million, causing the price of the TRUMP token to plummet by over 10% within hours, from $12 to $10.50. The sell-off triggered a surge in trading volumes, raising concerns among traders about potential future market volatility.

The two wallets involved in the sell-off had previously profited from the TRUMP token. Wallet 3kjP9L sold 337,560 tokens for $3.80 million, incurring a loss of $1.38 million. This wallet had previously made a profit of $196,000 from the same token. Another wallet, 7X6Vun, offloaded 427,568 tokens for $4.77 million, resulting in a loss of $961,000. This wallet had previously gained $732,000 from the token. The decision to sell was likely influenced by weak market signals, but the timing of the sale proved to be unfavorable for the whales.

The sell-off led to a significant increase in trading volume, jumping by almost 80% to $15.3 million on various platforms. This surge in volume typically indicates panic or overreaction among both buyers and sellers. As of the latest reports, the TRUMP token is priced at $11.18, marking a 27% decrease over the past week. The future trajectory of the token remains uncertain, with investors speculating whether it will recover or if more investors will follow the whales and sell their assets.

Prior to the sell-off, the TRUMP token had experienced a surge in value following an announcement by United States President Donald Trump. The president had reportedly extended gala invitations to prominent TRUMP token holders at his Washington Golf Club, generating significant buzz and driving up the token's price. However, the recent sell-off has raised questions about the sustainability of this momentum and the conviction of investors in the token's value.

A recent report from the organization State Democracy Defenders Action suggests that Trump's cryptocurrency-related assets now constitute nearly 40% of his total wealth, estimated at approximately $2.9 billion. These assets include the TRUMP and MELANIA meme coins, as well as an interest in a business entity named World Liberty Financial, valued at 60%. World Liberty, launched in October 2024, is a crypto exchange with ties to the Trump family. The firm recently announced a $2 billion investment from Abu Dhabi-backed firm MGX to acquire a stablecoin product called USD1, which will be used to invest in Binance.