<b>TRUMP</b> Price Plummets by 33% as Team Sells Off Holdings
The meme coin TRUMP, linked to Donald Trump's family, experienced a significant price surge yesterday but has since plummeted by 33%. The token's value skyrocketed from below $1.50 to over $3.60, but after the team behind it started selling off their holdings, its price dropped to $2.40.
According to on-chain data from Arkham Intelligence, the TRUMP team transferred approximately 2.62 million coins to OKX, worth around $6.2 million in USD value. This move has led many to speculate that the team is selling off their assets after a recent price pump.
The TRUMP token has been at the center of controversy since its release in January 2025, with US Senators urging the SEC to investigate potential fraud or unlawful enrichment facilitated by the meme coin. The asset's all-time high was over $73, but it has since corrected heavily.
The recent price surge and subsequent drop have raised questions about the motivations behind the TRUMP team's actions. While some may view this as a legitimate attempt to cash in on a market trend, others see it as a classic case of 'pump and dump'.