In a striking development within the memecoin market, two significant cryptocurrency investors have offloaded their entire holdings in the Official Trump ($TRUMP) token, incurring a combined loss of nearly $500,000.
On-chain data from Lookonchain reveals that user 3hA7ex sold 276,968 $TRUMP, valued at approximately $3.54 million, at a personal loss of $454,000.
Similarly, investor DyzM5w liquidated 228,414 $TRUMP, worth about $2.92 million, swallowing a $42,000 loss.
These exits highlight growing unease among large-scale holders and suggest waning confidence in the token’s short-term prospects.
$TRUMP’s Popularity High, But Profitability Elusive
Despite its high visibility and trading activity, reflected in a massive 24-hour trading volume exceeding $2.28 billion, few investors have actually managed to realize profits from $TRUMP transactions lately.
The cases of 3hA7ex and DyzM5w are not isolated; Lookonchain notes that “few people have been able to make money on $TRUMP recently.”
The recent development indicates that while the token enjoys significant attention and liquidity, its price swings have made timing the market increasingly difficult, particularly for those investing large sums at high valuations.
Also Read: Trump Meme Team Announces Deposit of 3.5 Million Trump Tokens Worth $49.7M to CEX To Boost Liquidity
Whales Exiting May Signal Trouble for Retail Traders
Large investors, often referred to as “whales,” typically have the resources and insights to ride out volatility or to strategically buy and sell at optimal times.
When such whales choose to exit entirely, and at a loss, it sends a cautionary signal to retail investors who may be hoping to capitalize on the token’s popularity or political branding.
The liquidation by 3hA7ex and DyzM5w may trigger a broader wave of selling pressure or at least hesitation among smaller holders, further adding to market instability in the coming days.
Bearish Sentiment Grips $TRUMP Despite Recent Rally
The selloff occurs against a backdrop of mixed performance for the $TRUMP token. While the memecoin has recorded a 19.09% gain over the past seven days, it fell by 9.02% in the last 24 hours alone, according to data aggregators.
With a current trading price of $12.93, the Official Trump token remains volatile despite its overall week-long growth.
The swift exit by major holders underscores a lack of conviction in the token’s ability to sustain its rally, particularly as market sentiment appears increasingly cautious amid the broader volatility of memecoins.
Also Read: President Trump Denies Profiting From His January-Launched $TRUMP Memecoin Amid Backlash
Market Cap Remains High, But Confidence Falters
As of today, the $TRUMP token boasts a market capitalization of over $2.58 billion, supported by a circulating supply of 200 million tokens.
The recent development places the coin among the most prominent in the memecoin category by valuation.
However, market capitalization alone may not be enough to sustain long-term investor confidence.
With losses mounting even among whales and price fluctuations intensifying, the future trajectory of $TRUMP may now hinge on whether it can re-establish stability and regain the trust of both institutional and retail participants.