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Gladys Makena

TRUMP memecoin trades near $5.4 as whales sell at over 50% loss after $2.35 million exit

TRUMP memecoin has remained in a descending channel since peaking around $9.5 two months ago, with price recently hovering near $5.4. On-chain and trading data show large holders have stopped accumulating, with one whale selling 437k TRUMP worth $2.35 million on Binance at a loss of about $2.35 million. Technical indicators highlight persistent selling pressure, and analysts outline key EMA levels around $5.2–$5.5 as crucial for either further downside or a trend reversal.