On May 4, 2025, a sudden and significant sell-off occurred in the cryptocurrency sphere as two major holders of the TRUMP token divested themselves of 765,128 tokens, totaling $8.58 million. This quick exit not only raised eyebrows but also resulted in a loss of $2.34 million for the sellers. The impact was immediate; TRUMP’s price plunged over 10% within hours, sliding from $12 to $10.50, according to data from CoinGecko.
The sell-off ignited a flurry of trading activity, resulting in heightened trading volumes and sparking concerns among traders about potential volatility in the near term.
Whales Exit With Losses Despite Past Gains
The wallets responsible for the significant sale had previously enjoyed substantial profits from the TRUMP token, showcasing a rather paradoxical scenario. The first wallet, identified as 3kjP9L, offloaded 337,560 tokens for $3.80 million, ultimately recording a loss of $1.38 million despite having initially netted a profit of $196,000 from prior transactions with the token. Simultaneously, another wallet, 7X6Vun, sold 427,568 tokens for $4.77 million, incurring a staggering loss of $961,000, despite having earlier earned a profit of $732,000.
2 whales dumped 765,128 $TRUMP($8.58M) at a loss of $2.34M 5 hours ago!
3kjP9L made $196K on $TRUMP before, sold 337,560 $TRUMP($3.81M) 5 hours ago and lost $1.38M.
7X6Vun made $732K on $TRUMP before, sold 427,568 $TRUMP($4.77M) 5 hours ago and lost $961K!
— Lookonchain (@lookonchain) May 4, 2025
Both wallets presumably aimed to decrease their market exposure, likely influenced by waning bullish indicators. However, their timing resulted in substantial financial repercussions.
TRUMP Price Struggles As Trading Volume Jumps
Following the large-scale liquidation, TRUMP’s trading volume surged nearly 80%, reaching $15.3 million on exchanges such as Binance and KuCoin. Such volume spikes generally hint at panic or overreaction within the market, indicating heightened nervousness among investors.
As of the latest update, TRUMP is currently priced at $11.18, reflecting a drop of 27% over the past week. The market’s next moves remain uncertain as traders speculate whether more investors will follow suit and offload their assets.
The TRUMP token recently gained traction following announcements that U.S. President Donald Trump would be extending gala invitations to prominent holders at his Washington Golf Club, thereby inflating its price earlier in the week. However, the recent sell-off raises concerns about the solidity of this market momentum. If more significant players are opting to exit after a momentary hype, it casts doubt on the long-term conviction of smaller investors.
Trump’s Crypto Assets Reach $2.9B
In a related development, a report by the organization State Democracy Defenders Action indicates that Donald Trump’s cryptocurrency assets now represent nearly 40% of his total wealth, estimated at approximately $2.9 billion. This figure prominently includes the TRUMP and MELANIA meme coins, along with interests in a business entity known as World Liberty Financial, which reportedly accounts for 60% of his holdings.
World Liberty, which was launched in October 2024, is characterized as a crypto exchange connected to the Trump family. It was recently reported that the firm is set to receive a $2 billion investment from the Abu Dhabi-backed firm MGX to acquire a stablecoin product named USD1—a move aimed at facilitating investment in Binance.
As the crypto market continues to evolve, the implications of these whale movements and market trends necessitate close scrutiny. With ongoing fluctuations and shifting sentiment, the TRUMP token’s future trajectory remains a topic of keen interest among investors.
