Whale Accumulates TRUMP Token Amid 40% Price Drop

The world of cryptocurrency has been shaken by the sharp decline in the price of Official Trump (TRUMP), a meme coin launched on the Solana blockchain by former US President Donald Trump. In the past 24 hours, TRUMP has experienced a significant drop, plummeting from $74 to $38—a 40% decrease that has left many investors struggling. Decline: What happened? The incident occurred coinciding with Trump's inauguration speech on January 20, 2025. Cryptocurrency enthusiasts and traders were highly hopeful that the former president would mention blockchain or cryptocurrency in his 30-minute speech. However, Trump's speech did not touch on these topics, dissipating expectations and possibly causing a sell-off. Well-known cryptocurrency news accounts, such as Walter Bloomberg, highlighted this lack of recognition, with one post stating: "TRUMP'S SPEECH ENDS WITHOUT MENTION OF CRYPTOCURRENCY: INAUGURATION". The absence of any cryptocurrency-related news seems to have amplified the bearish sentiment surrounding the token, leading to a panicked sell-off. Whales take advantage of the chaos Despite the downward trend, some large investors, or "whales", are seeing this as an opportunity to buy when the price drops. According to data from lmk.fun, a tracking platform based on Solana, some large transactions have been executed as the token price drops even further: A whale has bought 207,870 TRUMP tokens at a price of $7.06 million US dollars with an average price of $34 per token. Another whale has bought 99,530 TRUMP tokens at a price of $3.167 million with a price of $31.8 per token. These significant purchases demonstrate some investors' confidence in the token's potential recovery, despite its current volatility. TRUMP Token: The history of ups and downs Since its launch, the TRUMP token has become one of the most volatile currencies in the meme coin market. Its meteoric rise once pushed its market cap to a staggering $31 billion, surpassing major cryptocurrencies such as Cardano (ADA), TRON (TRX), and Bitcoin Cash (BCH). However, this latest downturn highlights the inherent risks in speculative assets like this. Market speculation and future prospects While some attribute the crash to unmet expectations surrounding Trump's speech, others speculate that broader market conditions and profit-taking by early investors may also be contributing factors. Despite the uncertainty, the involvement of whales indicates that some view this decline as a temporary setback rather than a permanent downturn. Cryptocurrency experts advise caution, as meme coins like TRUMP are notoriously unpredictable. For investors willing to take high risks, this could be a profit-making opportunity. However, those with lower risk tolerance may want to stay away until the market shows signs of stability. Conclusion The latest price drop of the TRUMP token is a clear reminder of the volatility shaping the cryptocurrency market, especially in the meme coin space. While some investors are panicking, others are seizing the opportunity to buy at a discounted price, betting on the possibility of a recovery. As the market continues to react to recent events, all eyes are still on TRUMP's next moves and whether it can regain its footing in this chaotic space.