Whales Dump TRUMP & MELANIA With Over $14M In Losses

PolitiFi tokens TRUMP & MELANIA witnessed a considerable whale-dumping phenomenon amid a market crash on Tuesday. The latest whale data suggested that

Crypto whales are dumping PolitiFi tokens despite suffering losses of over $14 million, according to whale data revealed by Spotonchain on Monday.

The data shows that whale “DNTpo” sold 13.98 million MELANIA tokens for 14.32 million USDC in a trade that resulted in a loss of $14.9 million (51%) in roughly a month.

At the same time, whale address “EwkH5” sold 763,483 TRUMP coins for 9.47 million USDC recently, in a transaction that highlighted a loss of $25.5 million (72%) in roughly a month.

Why are the whales selling?

The selloff transactions come amid a broader market crash, with the PolitiFi tokens likely suffering due to waning market interest.

CoinGape reported earlier that the crypto market crashed this week as U.S. import tariffs and other developments led to mass liquidations. Bitcoin price hit a $90K low this Tuesday.

The whales also dumped tokens despite holding them for only a month, as the tokens crashed. TRUMP’s price chart shows a 59% crash in the past month. Also, MELANIA’s price dropped over 65% in the same duration.

Crypto whales usually sell off assets to avoid further losses, and it also signals a loss of confidence in the tokens’ potential to pump ahead.

How are the PolitiFi coins performing now?

At press time, MELANIA price was down 65% over the past day, reaching $0.9288. The token hit a bottom and peak of $0.9197 and $1.24 in the last 24 hours.

TRUMP price crashed 15% intraday, closing in at $12.80. The coin’s 24-hour low and high were $12.79 and $15.22, respectively.

Traders and investors are bearish on the token’s long-term prospects in light of the whale dumps, and at the same benches, market analysis ‘Vegeta’ took to X, revealing that the Republican President-themed coin may take a few more weeks to bottom.

However, the analyst adds that once this feat is achieved, a $30-$35 price target awaits. Nevertheless, market watchers can expect potential new lows to be hit, the analyst added.

Also, CoinGape’s TRUMP price prediction shows that the current market sentiment for the asset is bearish. Market watchers can expect further volatility in prices in the wake of recent trends and developments.