Two Whales Dumped $8.5M in $TRUMP After the Trump Dinner Hype Faded, Erasing Prior Gains and Signaling Bearish Momentum.

Technical indicators like MACD and RSI confirm a strong bearish shift in $TRUMP as whales exit and forced liquidations rise sharply.

Two whales dumped over $8.5 million worth of $TRUMP within hours, erasing prior gains and signaling bearish momentum. The technical indicators like MACD and RSI confirm a strong shift in favor of the bears as the whales exit and liquidations rise sharply.

As reported by Benzinga, two major whales dumped over $8.5 million worth of $TRUMP within hours, shaking investor confidence. According to blockchain data from Lookonchain, both wallets 3kjP9L and 7X6Vun exited $TRUMP at a loss. Together, they offloaded 765,128 tokens, incurring a $2.34 million collective loss. Both had previously turned small initial investments into large profits, which they wiped out and burned another $1.42 million in principal.

This capitulation from the whales and the immediate shift in order flow out of the Trump dinner event disappointed speculators. As a result, technical indicator sentiment flipped aggressively negative. AlvaApp reports that the MACD displayed a bearish crossover while the RSI plunged into single digits.

Exchange inflows also surged as wallets rushed to deposit tokens, a trend that aligns with the broader risk-off environment. Additionally, liquidation data revealed forced exits from over-leveraged positions.

This momentum now favors the bears as the whales exit and liquidations rise sharply. However, many entered too late after Trump-related euphoria peaked. When the price broke pivotal support levels, panic set in.

No large buyer stepped in to provide stability as the price tested key Fibonnacci ratios. Until such a reversal emerges, the downside pressure will persist.

To be sure, the token may see some relief rallies, but sellers ultimately hold more sway in the current market structure.

For the past second day, President Donald Trump deflected questions about his namesake meme coin, which went viral on social media.

“I heard it was very successful,” Trump remarked when asked about the token during a press conference on Wednesday.

However, campaign finance watchdog and government ethics experts are raising concerns about the involvement of Trump-linked entities in crypto ventures.

These worries come as a new bipartisan bill in Congress aims to regulate the use of Payday Bank, a bank that Trump's attorneys formed to manage his campaign finances, for crypto-related activities.

A report by CoinDesk on Wednesday noted that entities linked to Trump have reportedly earned over $300 million in trading fees since January.

Moreover, another Trump venture, World Liberty Financial, announced a $2 billion crypto deal with an Abu Dhabi firm.

Experts claim that this partnership could generate $27 million annually. Democrats and ethics experts are warning of serious conflicts of interest.

These developments cast a long shadow over the $TRUMP token’s legitimacy as the former president's return to the political scene sparks widespread interest.