TRUMP Coin Plummets 90% – Development Team "Withdraws 4.4 Million USDC", Whale Dumps 2.5 Million USD

The cryptocurrency named after U.S. President Donald Trump has fallen sharply, dropping nearly 90% from its all-time high set six months ago. Today, TRUMP is trading at $8.80, down 6% over the past seven days. Traders are concerned after the project team withdrew $4.4 million USDC from liquidity pools and a single whale has queued a sell order of $2.5 million. The group withdraws millions of dollars from the liquidity pool. According to a recent post on X by Lookonchain, the Trump Coin team withdrew 4.4 million USDC and transferred 347,438 TRUMP tokens, worth 3.12 million dollars, from the main liquidity pool to a new wallet.

The move occurred without any prior notice or clear reason. Currently, many investors are concerned that the group may be preparing to sell off coins, which will add selling pressure to a coin that is already struggling with low demand.

Whale places large sell order According to reports, a large wallet named Kewh32 has brought 275,672 TRU tokens to the market, equivalent to about 2.5 million dollars at current prices. This whale also sold 100,000 tokens at the beginning of June and still holds 369,400 coins. If those tokens are listed on the exchange, the additional supply could push the price down even further. Mixed signal price template On the daily chart, TRUMP has drawn a descending wedge pattern. That setup usually leads to a breakout, but only if buyers step in with strength. Here, the trading volume remains weak. The Relative Strength Index (RSI) has been below 50 for over a month, indicating that sellers are still in control. At the same time, the Awesome Oscillator has just turned green—although still below 0—suggesting that the bearish momentum may be weakening. Investor confidence has fallen. Many traders are closely watching the range of $8 to $9. Failing to hold above $8 could lead to further losses and test deeper support levels. Currently, there are no signs of a strong bullish rally. Without new buying interest or positive news, the bearish trend within the wedge seems likely to continue. It won't take long to create a short-selling wave—possibly a social media boom or a large purchase from another whale. However, confidence in this token group is wavering after the recent liquidity withdrawal. Until on-chain activity shows real demand, most market participants expect more volatile trading and lower prices.