$TRUMP Meme Coin Surges 93%, But Insiders Continue to Sell
The $TRUMP meme coin, linked to former US President Donald Trump, has experienced a rollercoaster ride since its launch in January 2025. Despite reaching an all-time high of $73.43 within 48 hours of launching, the token's price plummeted to $1.37 on August 13, 2026, representing a 98% decline from its peak.
However, in just 10 days, the token surged by 93%, reaching $3.60, briefly making it the best-performing major meme coin of the week. This rally was attributed to a combination of factors, including a broader crypto market rebound, a short squeeze on $TRUMP perpetual futures, and unverified rumors about a new cryptocurrency launch.
Within hours of hitting $3.60, team-linked wallets transferred 2.62 million $TRUMP tokens worth $6.21 million to OKX, causing the price to crash by 33% to $2.40. This pattern is not new, as similar insider transfers have occurred in the past, resulting in a market crash.
The token's vesting schedule, which allows for continuous supply of tokens from team wallets to the market, has been identified as a key factor contributing to its price dynamics. Team-linked wallets have deposited over $23 million in $TRUMP tokens to OKX alone between April and August 2026, further supporting this claim.