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

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

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

Today, TRUMP is trading at $8.80, down 6% within 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 sell order.

Team Pulls Millions From Liquidity

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

That transfer got here with none heads-up or clear motive. Now, many traders fear that the workforce is likely to be getting ready to dump cash, which might add promoting strain to a coin already battling low demand.

Whale Places Huge Sell Order

Based on reviews, a main wallet generally known as Kewh32 has put 275,672 TRUMP tokens on the market, roughly $2.5 million at present costs.

This whale additionally bought 100,000 tokens earlier in June and nonetheless holds 369,400 cash. If these tokens ever hit exchanges, the added provide may push the price even decrease.

Price Pattern Offers Mixed Signal

On the every day chart, TRUMP has traced out a falling wedge sample. That setup typically results in a breakout, however solely when consumers step in with power. Here, trading volumes stay weak.

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

Investor Confidence Falters

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

It received’t take a lot to spark a short squeeze—possibly a burst of social media hype or a huge buy from one other whale. But trust within the token’s workforce is shaky after the latest 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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CWP (Crypto Work Pro)
CWP (Crypto Work Pro)https://www.cryptoworkpro.net
Hi, I’m a passionate cryptocurrency enthusiast with 10 years of experience in the world of digital currencies. I’ve always been fascinated by blockchain technology and the potential of decentralized finance (DeFi) to reshape the financial landscape. I share insights, tips, and strategies to help others navigate the fast-paced world of crypto.

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