🚨 Whales Exit TRUMP & MELANIA Memecoins, Recording Massive Losses! 🚨
The memecoin market has taken a hit as crypto whales continue offloading
$TRUMP and $MELANIA, resulting in staggering monthly losses ranging from 51% to 72%. Despite broader market liquidations, large holders have been selling at a significant discount, further fueling downward pressure on both tokens.
🔎 Whale Sell-Offs Lead to Heavy Losses
According to Spot On Chain, a notable whale recently offloaded 13.98 million MELANIA tokens, receiving only 14.32 USDC, marking a $14.9 million loss—a 51% decline within a month. Meanwhile, another whale sold 763,000 TRUMP tokens for 9.47 million USDC, taking a $25.5 million loss, representing a 72% monthly drop.
Interestingly, this same investor had previously sold 2,500 TRUMP tokens in January for over 70,000 USDC, highlighting a consistent pattern of divestment.
📉 Price Action: TRUMP & MELANIA See Sharp Declines
TRUMP is currently down 13%, trading around $13, with a market cap exceeding $2.63 billion. It recently fell nearly 10% from $14.92 in just a short span. The token, which debuted last month, reached its all-time high (ATH) of $74 on January 19, just before President Trump's inauguration.
MELANIA has seen even sharper losses, plunging 25% in the last 24 hours to trade at approximately $0.91. The token's market cap remains above $493 million, but it has dropped 15% from $1.17, after previously reaching an ATH of $13.60 on January 20.
🚀 What’s Next?
Despite the whale exodus, market sentiment, potential political events, and broader crypto trends will likely determine the future trajectory of these tokens. A resurgence in hype or renewed interest from investors could bring a reversal, but traders should proceed with caution given the current volatility.
💬 Will TRUMP & MELANIA recover from this downtrend? Share your thoughts below! 👇
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