Trump’s Memecoin Plummets as Whale Dumps with Huge Loss

The effect of the crypto market’s downward pressure seems to be going round, with more assets feeling the heat. President Donald Trump’s memecoin TRUMP for example, has dropped to new lows as whales are dumping it in frustration.

According to data shared by on-chain analytics platform OnchainLens and credited to Nansen, one whale has deposited 3 million TRUMP worth $14.88 million by current exchange rate to Binance today December 26th. 

The whale had lost $7.8 million after holding the token for about 50 days, during which time the bear market eroded the token’s value. Such deposits usually precede the selling of the asset or a swap of it to other assets.

TRUMP Suffers Crypto Weakness

The crypto market has been in a downtrend for some time now, and many crypto assets including Bitcoin have been held down. However, altcoins have felt the impact more, and TRUMP seems to be one of them. This seems to have triggered a selloff by whales to cut further losses as the market doesn’t seem to be recovering.

Since its launch shortly after the inauguration of president Trump, the token appreciated quickly to an all-time high of over $70. It then crashed as fast as it rose, losing most of the gains, and has not recovered since. Instead, it has continued to bleed with no end in sight, making it one of the most bearish tokens since. 

At the time of this report, the token’s price has tapered to about $4.8, which is the lowest it has ever been according to Coinmarketcap. This must be very disappointing to Trump who is a vocal support of crypto and everything it represents, as the project has made efforts to grow.

Meanwhile, altcoins in general recently hit an all-time low in their Relative Strength Index (RSI). This suggests that most altcoins have become exhausted as a result of the lingering bear market led by Bitcoin. However, analysts have also expressed hope that they may break out and rally starting in 2026.

Trump Projects End 2025 Bloody

Apart from the TRUMP memecoin which president Trump launched in his name, the token of his family-linked project, World Liberty Financial has also suffered a deadly blow in this bear market as it is currently down by at least 40%.

The company recently launched a crypto wallet which suffered a security breach just before its launch earlier this year. These price crashes will likely generate fresh criticism against Trump for his crypto crypto.

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