A $143M Trump coin transfer triggers sell-off fears amid volatility and TikTok denials. What's next for this meme coin?
Trump Coin Whale Alert: Massive Transfer Sparks Volatility Concerns
A significant Trump Coin (TRUMP) whale transfer and TikTok's denial of Trump Coin involvement are stirring crypto markets, raising volatility concerns.
The $143 Million Whale Transfer
On June 20, 2025, a whopping 15.3 million TRUMP tokens, valued at over $143 million, were moved between unknown wallets on the Solana network, according to Whale Alert. This massive transfer has raised eyebrows and sparked sell-off fears, especially given the token's inherent volatility. Such large movements involving unidentified parties often signal major market shifts.
Volatility Concerns Mount
Analysts at AlvaApp pointed out that recent whale activity is building momentum for short-term price swings. On-chain data indicates more outflows than inflows, suggesting holders are moving assets toward exchanges with the intent to sell. This increases sell pressure and could cause the price to dip. Currently, TRUMP is trading around $9.29, showing a slight increase, but traders remain cautious.
TikTok Denies Trump Coin Link
Adding fuel to the fire, Congressman Brad Sherman accused TikTok's parent company of purchasing $300 million worth of Trump meme coins. TikTok vehemently denied these allegations, calling them false and unsupported. The company clarified that neither ByteDance nor its subsidiaries purchased Trump Coins. Reports suggest GD Culture Group announced a $300 million investment in TRUMP Coin and Bitcoin, but TikTok disputes any relationship with this company.
Market Sentiment and What's Next
The TRUMP coin, which saw a sharp surge after its launch in January, reaching a $9 billion market value, has struggled to maintain upward momentum. The recent whale transfer and the TikTok controversy add to the uncertainty. If the price dips below $9.21, further selling could be triggered. However, if it holds, buyers might regain control. Market watchers are weighing both scenarios, with the next few sessions being critical.
A Bit of Perspective
All this drama reminds you that the crypto world can be a wild ride, huh? One day you're riding high on meme coins, the next you're dodging whale-sized sell-offs and political accusations. So, buckle up, crypto enthusiasts—it's gonna be an interesting ride!
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