TRUMP Token In Trouble? Over $4 Million Liquidity | Crypto News

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TRUMP Token In Trouble? Over $4 Million Liquidity | Crypto News


US President Donald Trump’s namesake meme token has tumbled laborious, slumping almost 90% from its all-time high set six months in the past.

Today, TRUMP is trading at $8.80, down 6% in the final seven days. Traders are on edge after the project’s workforce yanked $4.4 million in USDC from liquidity swimming pools and a single whale lined up a $2.5 million promote order.

Team Pulls Millions From Liquidity

According to a current post on X by Lookonchain, the Trump Coin workforce withdrew $4.4 million price of USDC and moved 347,438 TRUMP tokens—valued at $3.12 million—from the principle liquidity pool into a recent pockets.

That transfer got here without any heads-up or clear cause. Now, many traders fear that the workforce is perhaps making ready to dump cash, which might add promoting stress to a coin already struggling with low demand.

Whale Places Huge Sell Order

Based on experiences, a main pockets recognized as Kewh32 has put 275,672 TRUMP tokens on the market, roughly $2.5 million at present costs.

This whale also bought 100,000 tokens earlier in June and still holds 369,400 cash. If those tokens ever hit exchanges, the added provide might push the price even decrease.


Price Pattern Offers Mixed Signal

On the each day chart, TRUMP has traced out a falling wedge sample. That setup typically leads to a breakout, but only when patrons step in with power. Here, trading volumes stay weak.

The relative power index (RSI) has sat below 50 for over a month, signaling that sellers are still in control. At the identical time, the Awesome Oscillator just flipped inexperienced—albeit still below zero—which hints that bearish momentum could also be fading.

Investor Confidence Falters

Many merchants are watching the $8 to $9 vary carefully. A failure to maintain above $8 might spell more losses and check deeper assist. Right now, there’s no signal of a sturdy rally. Without recent shopping for curiosity or constructive information, the downtrend inside the wedge seems to be set to proceed.

It received’t take a lot to spark a short squeeze—perhaps a burst of social media hype or a massive buy from one other whale. But trust in the token’s workforce is shaky after the current liquidity pull. Until on-chain exercise exhibits actual demand, most market gamers count on more uneven trading and decrease costs.

Featured image from Unsplash, chart from TradingView



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