Official Trump [TRUMP] memecoin remained inside a descending channel after topping near $9.5 two months ago. Price attempts to reclaim $5.6, fails, leaving the memecoin range-bound.
At press time, TRUMP traded near $5.4 after a modest daily pullback.
That stagnation appeared to pressure long-term holders. Several whales exited positions after months of inactivity.
TRUMP whales exit after deep drawdowns
TRUMP memecoin has recorded a significant shift in sentiment, especially from large holders who jumped to accumulate early last year.
In fact, whales have not made any significant purchases since October 2025, when whales recorded an accumulation for seven consecutive days. In recent days, TRUMP has recorded no whale buy activity for six consecutive days, as per the Whale Buy Activity Indicator on Trading View.
Source: TradingView
Instead, whales have been consistently selling. Looking at the Whale Trend Analysis metric on Tradingview, whales have sold throughout the past 11 days.
Arkham data captured one such whale activity. According to Arkham, a whale sold his entire Trump holdings after holding for 8 months.
Source: Arkham
The whale deposited 437k TRUMP tokens worth $2.35 million into Binance. These tokens were purchased for $4.7 million, and with the recent sale, the whale realized $2.35 million in loss.
When whales realize losses exceeding 50%, it often reflects eroding conviction rather than tactical rotation. That behavior suggested capital stepped aside instead of repositioning.
Momentum weakens as sellers dominate
Selling pressure showed up across momentum indicators.
The Directional Movement Index showed a negative index near 30, above the positive index near 21. That configuration reflected strengthening downside control.
Source: TradingView
On top of that, TRUMP remained below the 50, 100, and 200 EMA levels. Price structure continued to favor sellers.
If distribution persists without matching demand, TRUMP could revisit the 20 EMA near $5.2. A breakdown there could expose the $5.0 zone, with downside risk toward $4.6.
For trend reversal signals, bulls would need a decisive reclaim of the 50 EMA near $5.5. Without that shift, rallies may continue to face supply.
Final Thoughts
- TRUMP’s price action reflected more than short-term volatility; it mirrored fading conviction among large holders.
- Without renewed accumulation or a reclaim of key EMAs, downside risk may continue to define near-term sentiment.
