The 47th United States Presidentโs signature meme coin Official Trump (TRUMP) has flopped by 88% from its all-time peak, registered one day into inauguration. However, the hype around this PolitiFi meme coin has quickly dried down, as TRUMP coin, once swelling at above $73, was pushed back to single digits in less than three months since the milestone.
$150M Strategic Trump Sell-Off Stirs Controversy
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As the global squabble between Israel & Iran escalated with Donald Trumpโs order to strike Iran last Sunday, the broader crypto & stock markets werenโt able to dodge the bullet. Falling by 3% in global market cap to $3.16T in 24 hours, the drastic pullback was especially heavy on the meme coin district, losing nearly 15% of its market capitalization over the weekend.
Now, Donald Trumpโs team is raising the eyebrows of blockchain intelligence agencies. According to LookOnChain, Binance received $32.8 million in Trump coins on Saturday. Apparently, the transaction follows through a bigger $150 million Trump coin sell-off plan.
The grandiose sell off by Donald Trumpโs team-affiliated crypto wallets started on April 28, 2025 with 12.54 million TRUMP coins, equaling $150.68 million, sent to Binance as of now. Namely, the sell-offs started when the presidential meme coin was trading above $15, while TRUMP coin was hovering just above $8.64 on Monday afternoon.
While this goes on, some short-selling crypto traders, otherwise known as crypto bears, are netting double-digit percentage yields by short-selling Official Trump Coin (TRUMP) with leverage. To illustrate, pseudonymous trader John Doe is forecasting a further TRUMP price dump to $7.3 as markets are still very much infused with Trumpโs global tariffs.
On The Flipside
- Last week, people familiar with the matter claimed that Donald Trumpโs family lost the majority stake in their World Liberty Financial crypto platform.
- The silent stake reduction move in the crypto family business could have brought the Trumps $190 million revenue, according to Forbes estimates.
Why This Matters
The signature Presidential Trump coinโs price dipped 88% since the return to the Oval Office, but the current market capitalization of $1.7B still puts the meme coin among the five largest cryptos in the category.
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Wallets linked to the team reportedly moved 12.54M TRUMP tokens ($150.68M) to Binance in four batches since April 2025, with the latest being $32.8M. This massive sell-off sparked fears of a TRUMP price crash, so tread carefully in this volatile market.
The flood of $150.68M in TRUMP tokens to Binance, combined with a 90% price drop from its peak, points to heavy selling pressure from insiders or whales. Market chaos and global tensions add to the FUD, making TRUMP coin a super risky play right now.
Posts on X suggest wallets tied to the TRUMP team, possibly insiders, are dumping coins on Binance, though exact identities arenโt confirmed. Lack of transparency fuels speculation, so donโt rush into decisions without more clarity.
The TRUMP crypto dump, alongside $900M+ in broader market liquidations, is rattling traders and boosting volatility. While TRUMPโs niche, its 6%+ drop in 24 hours could ripple to other meme coins, so keep an eye on trends.
With $150.68M in coins hitting Binance and prices tanking, TRUMP price’s outlook is shaky, and insider selling raises red flags. Newbies should steer clear until the dust settles and more details emerge about the projectโs future.
