$7.5M pulled from TRUMP coin liquidity pool – Is the hype crumbling?

Even as the TRUMP team sells, investors hold firm.

    The TRUMP team offloaded a significant portion of the asset, yet investors continue to hold 80% of the total supply. Large entities have stepped in, acquiring hundreds of millions worth of TRUMP.

Official Trump [TRUMP] has remained in stealth mode over the past 24 hours, barely moving. At press time, it was down just 0.02%—an insignificant change.

This lack of price action contrasts with ongoing developments: the TRUMP team is selling, while whales and retail investors continue to accumulate, with the price sitting at a critical level.

Is this a sign of decline? AMBCrypto answers.    

Despite sell-off, TRUMP barely moves

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On-chain tracker Lookonchain reported that the team behind the TRUMP token has been selling, withdrawing $7.5 million in liquidity from the market.

This withdrawal spans two tokens: the stablecoin USDC and TRUMP. The team sold $4.4 million worth of USDC for an equivalent amount in ETH.

Source: Lookonchain

Most notably, they sold 347,438 TRUMP tokens worth $3.12 million at the time of writing. Typically, such sell-offs act as a warning signal, prompting investors to follow suit.

But this time is different. The memecoin has barely moved in the past 24 hours, and AMBCrypto investigated why. According to Arkham Intelligence, despite the recent sell-off, the team’s allocation remains largely unchanged.

As of press time, the team controls 80% of the total supply, holding over 800 million TRUMP tokens worth $7.15 billion.

Source: Arkham Intelligence

This suggests market participants view the recent sales as insignificant, given the team’s massive remaining allocation.

Whales accumulate as on-chain holdings stay high

Accumulation has surged in recent days, particularly among large entities, as seen on Arkham Intelligence.

One notable example is, Jupiter, a DEX Aggregator, which bought over 275,300 TRUMP tokens worth $2.44 million, a 365% increase in its portfolio.

Source: Arkham Intelligence

This trend has been mirrored by other major players such as Ceffu, Stake.com, Robinhood, and OKX, which collectively purchased $11.9 million worth of TRUMP.

Retail investors are also participating. According to CoinGlass’ Spot Exchange Netflow data, they have been accumulating TRUMP as well.

So far, this group has bought approximately $558,000 worth of the asset from the market.

Source: Coinglass

Derivative traders short TRUMP

In the derivatives market, however, the sentiment is bearish as seen on Arkham Intelligence. Traders are betting on a price drop.

At the time of writing, data revealed that most derivative traders on Arkham, ByBit, and OKX were opening short positions. Funding rates have turned negative—down to -0.1%, -2.1%, and -4.0%, respectively.

Source: Arkham Intelligence

If this trend continues, it could stall upward momentum. However, continued spot accumulation suggests short traders may soon face liquidation risk.

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