Trump Meme Coin $TRUMP Plummets 85% Amid Team Sell-Offs

Donald Trump’s official meme coin, $TRUMP, has experienced a significant decline, with its value plummeting by 85% from its all-time high of $73. The token is currently trading at $11.09, facing an imminent $520 million token unlock scheduled for July 18. This decline is part of a broader pattern of team-controlled sell-offs, which have raised concerns among investors.

The latest selling activity involved a coordinated dump of $1 million worth of $TRUMP tokens, executed just hours ago. This dumping episode began eight days prior, when 744,971 TRUMP tokens worth $8 million were transferred from Meteora Vault Authority through a Squads multisig wallet likely controlled by the official TRUMP team. The transaction’s execution through a Squads multisig wallet strongly suggests official team authorization, contradicting any claims of unauthorized or external selling pressure.

The dumping accelerated dramatically when the receiving wallet transferred 100,000 TRUMP tokens worth $1 million to a fresh wallet address just three hours before market close, with blockchain analysis confirming the immediate conversion to USDC through active selling. This methodical approach indicates a deliberate strategy rather than panic selling or external market manipulation. The original wallet retains 645,072.16 TRUMP tokens valued at $7.07 million, suggesting additional selling pressure remains imminent.

The timing of this dumping activity is particularly damaging as it coincides with already fragile market conditions and an approaching $520 million token unlock event. With only 26.48% of tokens currently in circulation, the July 18 unlock represents a potential 20% increase in circulating supply, historically a catalyst for major price depression.

Technical analysis of the daily TRUMP/USDT chart presents an unambiguously bearish technical structure that validates concerns about continued downside pressure. The token currently trades beneath a long-term descending trendline established in February, with multiple failed attempts to sustain upward momentum reinforcing the dominant bearish trend. Key support at $10.20 represents the final defense against a potential 26.4% decline toward $7.90, a scenario that appears increasingly probable given the mounting selling pressure from both team liquidations and the approaching token unlock.

The parabolic rally formation marked by the initial price explosion has now completely collapsed, following the typical 70-90% retracement pattern common in memecoin bubble formations. At current levels around $11.06, the token has barely begun its technical correction, with the blue zigzag pattern suggesting this represents only the initial wave of a multi-stage decline. The Relative Strength Index at 45.44 confirms bearish momentum control, while the previous RSI divergence bear indicator in May, when readings dropped below the 50 mark, shows the weakening technical foundation.

Technical analysis suggests realistic downside targets extend toward the $6-8 range in the near term, with potential for extreme weakness reaching $3-5 levels representing the 78.6% Fibonacci retracement of the entire rally. The broken parabolic structure typically requires months to repair, if recovery proves possible at all. Therefore, any bounce attempts are likely candidates for additional selling opportunities rather than signs of genuine reversal.