Whale Sell-Off: Two $TRUMP Whales Dump $8.58M At a Loss of $2.34M
- Two $TRUMP whales sold a combined 765,128 tokens for $8.58 million, incurring a total loss of $2.34 million.
- Trading volume for $TRUMP rose by 78% to $15.3 million amid the sell-off, suggesting possible panic selling and short-term volatility.
Two $TRUMP whales made a loss of $2.34 million hours taking a buy position. The sudden sale involved hundreds of thousands of tokens and resulted in significant financial losses as they both sold 765,128 TRUMP tokens for $8.58 million, taking a combined loss of $2.34 million.
This development has raised eyebrows across the trading community, especially for the fact that the wallets had previously. It also raises short-term selling pressure and causes more price swings for TRUMP holders because every time large investors exit, it often points to low market trust and can lead to shaky movement ahead.
$TRUMP Whale Activity and Price Drop
The first whale, labelled 3kjP9L, sold 337,560 TRUMP tokens for $3.81 million around 5:30 AM UTC on May 4, 2025, taking a loss of $1.38 million even though they had made $196,000 earlier on from the same asset.
The second wallet, 7X6Vun, also sold 427,568 $TRUMP tokens for $4.77 million at the same time, taking a loss of $961,000 despite a past gain of $732,000.
This fast dump caused the price of $TRUMP to fall, dropping 12.5% in just two hours from $12.10 to $10.59 between 5:00 AM and 7:00 AM UTC, according to CoinGecko. As of the time of writing, the price sits at $10.87 and has a 24-hour loss of 5.9%.
Rising Interest Amid Volatility
During this sharp sell-off, trading volume for TRUMP across major exchange platforms increased by 78%, hitting $15.3 million on major platforms like Binance and KuCoin, which could indicate intense market action and a possible panic selling.
Despite the recent price drop, the $TRUMP price had previously risen due to the excitement around the Presidents decision to offer a special gala ticket to top TRUMP holders at his Washington Golf Club. This buzz attracted attention from traders and big investors, pushing the tokens price higher.
Read More: XRP/BTC Chart Signals Possible Upside: 30% Surge Possible?
Read more: https://www.tronweekly.com/whale-sell-off-two-trump-whales-dump-8-58m-at-a-loss-of-2-34m/
Text source: TronWeekly
