TRUMP Meme Coin Plummets 29% Amid Weakening Momentum, Large Wallet Withdrawal

The TRUMP meme coin has experienced a significant decline in value, losing 29% over the past month and now down more than 90% from its all-time high. This sharp decrease has been accompanied by weakening momentum across multiple indicators, suggesting that bullish strength has faded and downside risks are growing.

One of the key indicators, the BBTrend, has sharply dropped to 1.58 from 6.23 just two days ago. This sudden decline indicates that the strength of the previous trend has significantly weakened. After showing strong momentum earlier in the week, the current BBTrend reading points to a possible shift toward consolidation or even a reversal if buying interest continues to fade. BBTrend, short for Bollinger Band Trend, measures the strength of a price trend based on the width of Bollinger Bands. Higher values typically indicate a strong directional move, while lower values suggest that the market is entering a less volatile phase. With TRUMP’s BBTrend now at 1.58—close to the neutral zone—it could signal that the strong bullish phase is cooling off. If the indicator continues to fall and the price loses support, it may point to a period of sideways movement or the beginning of a downtrend.

The Ichimoku Cloud chart for TRUMP also shows a clear bearish setup. The price is currently trading below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (baseline). This positioning suggests that short-term momentum remains weak, and buyers have yet to regain control. The fact that price candles are still beneath the cloud reinforces the ongoing bearish sentiment, as the cloud often acts as resistance when prices are below it. Looking ahead, the cloud (Kumo) is transitioning from red to green but remains flat and narrow, signaling limited upside strength. The green Senkou Span A is only slightly above the red Senkou Span B, meaning the future trend outlook is still uncertain and lacks conviction. For any bullish reversal to gain traction, TRUMP meme coin would need to break above the cloud with strong volume. Until that happens, the chart points to continued caution, with the potential for more sideways or downward price action.

Adding to the pressure, a large wallet recently withdrew $4.6 million in USDC from the Solana DEX Meteora. These funds were previously used to provide liquidity for the TRUMP-USDC trading pair, helping to ensure smoother trading and price stability. This wallet has made a withdrawal for the first time, and the size and timing of the move make it noteworthy. Even after the withdrawal, the pool still holds around $205 million in USDC and $122 million in TRUMP tokens. This activity comes just days before a major unlock event set for next Friday, where around $317 million worth of TRUMP meme coin tokens will become available. Unlocks often worry investors as they increase token supply. If a large portion is sold, it can push prices down. The $4.6 million withdrawal has raised speculation about insider moves. Some believe funds are being repositioned ahead of the unlock. While it’s not clear if a selloff is coming, the timing suggests caution. In the days ahead, on-chain activity should be closely watched.

In summary, the TRUMP meme coin is facing significant challenges with weakening momentum and a large wallet withdrawal ahead of a major token unlock. These factors combined suggest a cautious outlook for the coin, with potential for further downward pressure. Investors should closely monitor the situation and consider the implications of the upcoming unlock event.