TRUMP Coin Plummets 45% Amid Insider Sell-Off Concerns

Speculation is rife among investors as a significant amount of $7.5 million has been withdrawn from the TRUMP liquidity pool. This move, widely interpreted as an intention from insiders to cash out, has cast doubt on the long-term price outlook for the Trump coin. The meme coin, closely tied to the social momentum and influence of former U.S. President Donald Trump, faces potential collapse if its core team continues to pull away from the token.

The TRUMP coin has seen a 45% decline from its late-May peak following a presidential dinner for top holders. The coin is struggling to regain traction and is in need of a fresh social catalyst to reignite retail attention. The removal of $4.4 million in USDC and $3.12 million worth of TRUMP from its liquidity pool on June 25 has raised concerns about the coin's future. The USDC has since been bridged to Ethereum, while the remaining 347,438 TRUMP tokens were transferred to a newly created Coinbase wallet. The lack of details on the purpose or intention of the transfer has fueled speculation about an insider sell-off, which could be detrimental for a meme coin already struggling with low demand.

Additionally, a known whale has ramped up profit-taking efforts following the transfer, placing a limit order to sell 275,672 TRUMP worth nearly $2.5 million. This same wallet had sold 100,000 TRUMP just two weeks earlier and still holds 369,400 TRUMP valued at around $3.31 million. The staggered sell-off pattern suggests an intent to exit rather than to de-risk, raising concerns that subsequent dumps could follow suit.

The mass movement of capital from large hands could put pressure on the Trump coin price as it approaches the conclusion of a falling wedge forming since its late May peak. This comes as wider market dynamics flip bullish for the first time since, with the MACD line crossing above the signal line in a golden cross—an early sign of a potential trend reversal. The RSI has also bounced from oversold territory at 30, an indication of seller exhaustion. However, FUD may have stopped buyers from filling the gap as it stalls at 33.

This bullish momentum coincides with a critical bounce from the wedge’s lower support, aligned with a historic accumulation zone below the 0.236 Fibonacci retracement at $9.30. If bulls can defend it, the zone creates a confluence zone with the patterns’ upper descending trendline and a prime setup for a breakout. A successful breakout sets a technical target around the 0.786 Fibonacci level at $14.50, representing a potential 60% gain from current prices. However, if the accumulation zone fails, the next major support sits at 20% lower at $7.15, mirroring the mid-April market bottom and likely invalidating the bullish setup.