Panic selling of TRUMP coins by whales, what is the outlook for TRUMP price in April 2025?

Updated

April 9, 2025

Gambar Panic selling of TRUMP coins by whales, what is the outlook for TRUMP price in April 2025?

Jakarta, Pintu News – Currently, the memecoin market, especially TRUMP, is experiencing significant selling pressure. Large holders or whales have started to offload their holdings, which raises big questions about the future of this coin. With the price drop continuing, many are wondering if it is the right time to sell their assets.

Whale Starts Selling: What’s the Impact?

Recently, it was noted that a whale had withdrawn 260,000 TRUMP tokens from Binance and sold them for $2.048 million in Tether . This action was followed by another sale by a different whale, with a total of 309,514 TRUMP tokens sold at a loss of $14.06 million.

This massive selling indicates panic among large holders and raises concerns about the price stability of theecoin. This whale selling has triggered a drop in TRUMP’s price to its lowest point in three months. Currently, TRUMP is trading at $7.3, representing a 19.84% drop in a day. This decline is also evident in the weekly and monthly charts, where TRUMP lost 24.87% and 37.79% of its value.

Also Read: Bitcoin (BTC) is recovering, but big hurdles still loom in April 2025

Market Analysis: Indications of Further Losses

Based on analysis from AMBCrypto, there is a strong bearish sentiment in the TRUMP market. This can be seen from the aggregate funding rate which is negative again, signaling that short positions are more dominant than longs. This is an indicator that market expectations are inclined towards further price declines.

In addition, TRUMP spot net flows showed more inflows than outflows, meaning there were more sellers than buyers in the market. This condition is exacerbated by the presence of negative delta orders, where the number of sell orders executed is more than buy orders. TRUMP’s RSI (Relative Strength Index) also shows oversold conditions, which further strengthens the prediction of a price decline.

TRUMP Price Outlook: Will it Continue to Decline?

With the current market conditions being extremely bearish, there is a possibility that TRUMP will continue to decline. If the selling activity continues, TRUMP’s price could fall below $7, possibly even reaching $6.5. To see a trend reversal, TRUMP needs to reach and close above $7.7 again in daily trading.

This situation suggests that investors and holders are currently less confident about the market outlook. This could position TRUMP for more losses in the future, especially if the selling pressure continues in the absence of strong supporting factors.

Conclusion

In these volatile market conditions, it is important for TRUMP holders to carefully consider their next move. Monitoring market dynamics and related news can help in making informed decisions. Whether it is the right time to sell or there are opportunities to buy at low prices, only time will tell.

Also Read: First XRP ETF in the US Launched, Provides New Investment Opportunities!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.