The post Whale Dump Triggers 13.5% 24H Drop appeared on BitcoinEthereumNews.com.

A whale sold 763,582 TRUMP for 9.48 million USDC just a few hours ago. Following this sale, the price of TRUMP crashed more than 13%.  TRUMP RSI has entered oversold levels, suggesting a rebound soon. The Official Trump (TRUMP) meme coin suffered a 13.53% drop in the past 24 hours after a whale dumped its entire holdings. This sell-off wiped out the whale’s previous gains and resulted in a significant personal loss, triggering heightened market volatility. CoinMarketCap data shows TRUMP token trading at $13.12, and it has plummeted by 57.70% over the past 30 days. With a valuation of $2.59 billion, the Official Trump token ranks as the fourth-largest meme cryptocurrency. Whale Dump Triggers Market Panic According to blockchain analysis from Lookonchain, a whale offloaded 763,582 TRUMP tokens in one transaction for 9.48 million USDC, causing a staggering $24.4 million loss for the investor. The whale had previously profited $11.8 million from TRUMP trading but reinvested $33.9 million into the token. Unfortunately, after holding the investment for a month, the whale liquidated its position, not only erasing prior gains but also incurring a net loss of $12.6 million from the original capital. Related: Trump Token Airdrop — What It Means for Future Price Trends Technical Analysis: What’s Next for TRUMP? TRUMP is trading below its 20-day exponential moving average (EMA) of $13.08 on the 4-hour chart—a key resistance level. Failure to break above this EMA could signal continued bearish momentum. The Relative Strength Index (RSI) on the 4-hour chart currently sits at 23.32, which is deep in the oversold territory (below 30). This suggests that TRUMP could be due for a short-term relief bounce. However, unless the RSI climbs back above 40, any upward movement might be short-lived. Related: Coinbase CEO Sounds Alarm on Memecoin Market Scams On the other…

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Filed under: News - @ February 25, 2025 11:22 am