TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off
Two major holders of the TRUMP token sold 765,128 tokens for $8.58 million on May 4, 2025, incurring a loss of $2.34 million. This sale caused TRUMP's price to drop over 10%, from $12 to $10.50. Trading volumes surged by nearly 80% to $15.3 million, indicating panic among traders. One wallet sold 337,560 tokens for $3.80 million, resulting in a loss of $1.38 million, while another sold 427,568 tokens for $4.77 million, incurring a loss of $961,000. Despite previous profits, both wallets exited due to weak market signals. As of now, TRUMP is priced at $11.18, down 27% over the past week. A recent event involving President Trump had previously boosted interest in the token. Reports indicate Trump's cryptocurrency assets represent about 40% of his estimated $2.9 billion wealth, including TRUMP and MELANIA meme coins and a stake in World Liberty Financial, a crypto exchange set to receive a $2 billion investment for stablecoin purchases.
