Is TRUMP Price Crash Looming Amid $4.4M Liquidity Exit

Trump Coin (TRUMP) has crashed by 88% from its all-time high created six months ago. As bearish pressure mounts on the largest Solana-based meme coin, the official team has pulled $4.4 million in liquidity while a whale has placed a $2.5 million sell order. As bearish pressure mounts, is a collapse imminent, or will a falling wedge pattern fuel recovery? TRUMP price is trading at $8.92 today, June 26, with a 2% drop in 24 hours.

Official Trump Coin Team Withdraws $4.4M From Liquidity

According to a recent X post by Lookonchain, the Trump Coin team withdrew $4.4 million worth of USDC coins from liquidity pools recently. At the same time, they also transferred 347,438 TRUMP tokens, valued at $3.12 million, from liquidity to a new wallet, creating bearish concerns around TRUMP price.

This transfer could cause a spike in trader uncertainty. Given that there were no details on these transfers, traders might interpret the move as a preparation to dump or a looming selloff for a coin that is already struggling with low demand.

Besides this transfer, on-chain data also shows that a whale address has been quietly selling as the TRUMP price plummeted. During the same period that the team moved $4.4M worth of TRUMP from liquidity, this whale, known as Kewh32, opened a sell order for 275,672 TRUMP coins valued at nearly $2.5 million.

This whale has been on a selling spree after selling 100,000 TRUMP tokens earlier this month. They still hold 369,400 coins, and if this behaviour continues, the tokens could end up on exchanges, supporting a bearish Trump Coin price prediction.

Is Trump Price Headed for a Collapse?

The daily price chart shows that the Trump Price has been consolidating within a falling wedge channel, making a series of lower lows and lower highs. The price is narrowing within this channel, signaling that a breakout may be imminent.

In most cases, a falling wedge channel is usually bullish when accompanied by a strong surge in buying volumes at the upper boundary resistance. However, buyers have abandoned this top meme coin, considering that the RSI has remained below 50 for one month, indicating that a bearish momentum is underway.

Until the RSI crosses above 50, TRUMP price will likely continue with the downtrend within this wedge pattern until there is a clear breakout.

The AO histogram bars make a bullish case for the token’s price despite the negative outlook in the market. This indicator has flipped green, albeit remaining in the negative region, a sign that the bearish momentum is losing strength.

Therefore, until market interest returns and the Trump meme token sees an uptick in buying activity, the downtrend within the falling wedge pattern will likely continue. Whale selling and a lack of confidence in the meme coin’s team could delay the recovery of the TRUMP price.