TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears
The TRUMP meme token has fallen nearly 90% from its all-time high, currently trading at $8.80, down 6% over the past week. The project's team withdrew $4.4 million in USDC and 347,438 TRUMP tokens from liquidity pools, raising concerns among investors about a potential coin dump. A major wallet, Kewh32, has placed a $2.5 million sell order for 275,672 TRUMP tokens and previously sold 100,000 tokens, contributing to fears of increased supply and further price declines. The token's trading volumes are weak, with the relative strength index (RSI) below 50, indicating seller dominance. The price is closely monitored around the $8 to $9 range; failing to maintain above $8 could lead to deeper losses. Without significant buying interest or positive developments, the downtrend is expected to persist.
