With the broader crypto market under extreme stress and downside volatility, memecoins have suffered significantly. Amid this shift, the Official Trump [TRUMP] token has crashed by over 96% from its ATH set early in 2025.
The memecoin collapsed following the drop in politically themed frenzy across the market. However, despite this significant decline, the TRUMP team has continued to cash out.
The TRUMP team’s total sales reach $57 million
The TRUMP team has been aggressively dumping its memecoin during an extended period of poor market performance.
This selling streak extended to the past day, with the team offloading 5.48 million TRUMP worth $16 million on the 29th of March. These tokens were deposited into OKX through a series of transactions.
In fact, over the past month, the team has dumped 17.25 million tokens worth $57 million from January unlocks. At the same time, the team moved 7.28 million tokens into BitGo Custody, mostly to hold, and they could also be sold in the near future.
Following the latest transfers, the addresses still hold 1.81 million TRUMP tokens worth $5.21 million. Traditionally, when a team sells, especially during an extended period of poor performance, it further weakens the market.
Even more worrying for the market is that this selling spree has coincided with broader market activity. On the Futures side, for instance, over $8.3 billion has flowed out of the market, compared with $8.07 billion in inflows over the past two months.
As a result, the netflow dropped to -$250 million, a clear sign of aggressive futures selling. The same case can be made for the Spot market, with sell volume exceeding 704 million in the past day.
The selling trend extends across both short and long timeframes, reflecting a strengthened bearish bias in the market.
Any impact on TRUMP’s price action?
The team’s continued selling has had a significant negative impact on the memecoin’s price action. In fact, over the past 2 months, TRUMP has dropped by over 41%, from $4.8 to $2.8, coinciding with the team’s selling.
As such, TRUMP has traded within a downtrend, excluding the speculative rally on the 13th of March after Trump’s dinner invitations. Overall, the momentum has been overly bearish, and the Relative Strength Index confirms this.
The RSI dropped from 66 to 34, signaling total seller dominance of the market. Often, a sustained selling spree has preceded lower prices.
Therefore, the prevailing market conditions point to continued weakness, with a likelihood of a decline towards $2.5. For a trend reversal, bulls need to step up, defend $3 support, and reclaim $3.2, where the previous trend collapsed.
Final Summary
- The TRUMP team offloaded 5.48 million tokens worth $16 million, raising total sales to $57 million over the past two months.
- TRUMP has declined significantly, dropping 41% in 2 months and 96% from its ATH.
