Since the landmark crypto summit at the White House, Donald Trump’s official meme coin rose from about $1.37 to $3.60.
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Even at those levels, the overwhelming majority of buyers remained below their entry price, underscoring how much damage the token’s earlier decline inflicted on its holder base.
The retreat has renewed concern that short-term traders are taking profits into strength rather than building positions for a lasting recovery. Technical observers have flagged the $2 area as an important level, with a decisive break below it potentially opening the door to further losses.
Most Holders Are Still Sitting On Deficit
Despite the sharp rebound, estimates suggest that about 98% of TRUMP buyers remain underwater.
Nearly one million wallets were said to be carrying aggregate unrealized losses of roughly $3.81 billion, leaving a large group of potential sellers waiting for opportunities to reduce exposure.
That overhang complicates the meaning of the latest rally. A rapid percentage gain can attract momentum traders, but it does not necessarily remove the pressure created by investors who bought at substantially higher prices and may sell into any recovery.
Token Transfers Add To Selling Concerns
Reports also indicated that wallets linked to the project moved around $6.2 million worth of TRUMP tokens to the OKX exchange during the rally.
Transfers to centralized venues do not prove an imminent sale, but they are closely watched because they can increase the supply available to the market.
TRUMP’s recent price action remains highly volatile, with a steep advance followed quickly by signs of exhaustion. The token’s ability to hold nearby support will matter more than the scale of its recent percentage jump, particularly if profit-taking accelerates.
A meme coin rebound can mask a fragile crypto market structure. With most holders still sitting on losses and exchange-bound transfers drawing scrutiny, sustained demand — not a single burst of momentum — will determine whether the recovery has staying power.
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