Are Whales Dumping TRUMP? Looking at Recent On-chain Transactions

2025-05-05

The cryptocurrency market is never short of surprises, and this week, all eyes are on the TRUMP token, a popular memecoin that has drawn attention from both everyday traders and crypto whales.

A significant on-chain transaction has raised questions about investor sentiment and the future direction of the token. A whale wallet recently sold hundreds of thousands of TRUMP tokens, resulting in a multi-million-dollar loss.

This move has triggered concerns over whether large holders are quietly stepping away from the asset—and what it might mean for smaller investors.

Let us examine what exactly happened, how it affected the TRUMP token market, and why understanding whale behavior is crucial for anyone involved in crypto.

Did the Whales Dump TRUMP? 427,600 TRUMP Tokens Sold

A major wallet known by its short address, “7X6Vu,” sold approximately 427,600 TRUMP tokens in a single transaction. Valued at around $4.77 million, the sale was made at a noticeable loss.

According to blockchain data, the wallet had acquired these tokens at an average price of $13.47, leading to a realized loss of around $961,000.

This move comes just hours after another whale wallet, “3kjP9L,” also sold off 337,560 TRUMP tokens, resulting in an even larger loss of $1.38 million. In total, the two whales offloaded more than 765,000 TRUMP tokens, worth $8.58 million, in the span of just a few hours.

Such high-volume sales from prominent holders often stir uncertainty in the market, especially for a token like TRUMP, which already experiences wide price swings due to its memecoin status. .

Market Volatility After a Major Whale Transaction

The effects of these sell-offs were immediate. According to data from CoinMarketCap, the TRUMP token price dropped by 16.01% in 24 hours, landing at $10.84 at the time of writing. Trading volumes spiked to $968 million, reflecting a surge in market activity following the whale transactions.

Despite this short-term dip, the token still shows a 14.40% increase over the past 30 days, indicating that long-term holders may not be exiting just yet.

The token’s market capitalization currently stands at $2.17 billion, with a fully diluted cap of $10.84 billion and a circulating supply of nearly 200 million tokens.

Blockchain analysts, including those from Coincu and Lookonchain, suggest that the current behavior signals rising bearish sentiment.

Historically, such sell-offs often lead to a wave of panic selling from retail investors who fear further price drops. This creates an unstable environment and encourages short-term volatility in the memecoin market.

Why Do Whale Transactions Matter?

In the world of cryptocurrency, whales—wallets holding large amounts of a token—can influence market prices simply through buying or selling in bulk. When a whale sells a large portion of their holdings, it often sparks speculation that the token may lose value.

In this case, the fact that whales were willing to take multi-million-dollar losses suggests they may lack confidence in the token’s near-term outlook.

However, it is important to remember that whale activity is just one factor in price movements. The memecoin market, especially for politically themed tokens like TRUMP, is often shaped by sentiment, media attention, and even real-world events such as political campaigns or exclusive events for token holders.

FAQ

What is the TRUMP token?

The TRUMP token is a politically themed memecoin that gained popularity during Donald Trump's campaign and has been subject to major price swings.

Why do whale sales affect the market?

Whale sales can signal bearish sentiment and trigger panic among smaller investors, which may lead to sharp price declines in volatile assets like memecoins.