TRUMP Meme Coin Price Crashes 50% in 7 Days as Whales Dump Tokens, Sparking Regulatory Scrutiny

The Official Trump meme coin ($TRUMP) price has plummeted over 50% in just seven days, tumbling from an all-time high of $74 to a low of $25.

The price of the official Trump meme coin ($TRUMP) has nosedived by over 50% in just seven days, tumbling from an all-time high of $74 to a low of $25. This sharp downturn is largely attributed to sell-offs by large investors and whales who capitalized on the token’s meteoric rise.

As a result of these sell-offs, TRUMP’s market capitalization has collapsed from $14 billion to $5.3 billion—a staggering 62% decline. The meme coin is down 15% in the last 24 hours as the entire crypto market faces a broader sell-off with leading cryptocurrencies falling significantly. Bitcoin fell below $100,000 while Ethereum touched the $3,000 mark. The entire crypto market cap plunged to $3.5 trillion, down nearly 8% in the last 24 hours.

Source: CoinGecko

TRUMP Sell-Offs by Whales Led to Coin’s Downfall

On-chain data from Nansen reveals that TRUMP’s most profitable investor secured $53 million in gains before fully exiting their position.

The second-largest investor liquidated 70% of their holdings, cashing out $44 million, further amplifying selling pressure. These sell-offs have left retail traders with limited exit opportunities as the token continues to lose value.

https://twitter.com/cryptobobby__/status/1883277041266778116

Investor sentiment has deteriorated rapidly, with the number of “smart money” investors plunging from 340 last week to just 130 today—a 62% drop. Their total token holdings have also shrunk from 30 million to 14.4 million, further contributing to the downward spiral.

This pattern mirrors that of other speculative meme coins, where early excitement often leads to drastic corrections as profit-taking ensues.

TRUMP Coin Faces Legal, Regulatory Scrutiny

As TRUMP’s value tumbles, the project is drawing attention from U.S. lawmakers. Senator Elizabeth Warren and Representative Jake Auchincloss have raised concerns about potential market manipulation and foreign interference, urging regulators to investigate the token’s role in U.S. politics.

https://twitter.com/globalrashid007/status/1882743764739031041

Moreover, investors who have incurred losses are considering legal action, similar to the recent lawsuit filed against HAWK token promoters for allegedly offering an unregistered security. These regulatory challenges are further eroding investor confidence and casting doubt on the coin’s long-term viability.

TRUMP Coin’s Value Erodes Amidst Poor Demand, Legal Woes

Despite initial excitement surrounding the TRUMP meme coin, investor confidence is waning as the coin faces sustained downward pressure. The Trump family’s involvement in the crypto space—highlighted by Melania Trump’s meme coin launch and pro-crypto sentiments—initially sparked optimism. However, market trends suggest that $TRUMP, much like Dogecoin and other meme coins, could struggle to maintain relevance without real-world utility.

With mounting legal concerns, plummeting demand, and a shrinking investor base, TRUMP’s future remains uncertain, potentially limiting its appeal to short-term speculative trading rather than long-term investment.

Solaxy Presale Surges Past $15 Million as Crypto Demand Soars

While the TRUMP meme coin faces challenges, the Solaxy ($SOLX) presale is gaining momentum, surpassing $15.31 million as it nears its final target of $15.61 million. Solaxy is positioned as a crucial solution to Solana’s scalability issues by introducing Layer 2 infrastructure that enhances transaction speeds, reduces costs, and optimizes network efficiency.

https://twitter.com/SOLAXYTOKEN/status/1883504044318327106

Investor demand for Solaxy is evident as the current token price stands at $0.001616. The project has attracted over 3,500 Telegram members and 62,000 X followers, indicating strong market interest. With the presale nearing completion, investors have a limited opportunity to secure SOLX tokens before the next price increase.

Visit Solaxy Presale