$150 Million TRUMP Coin Pours Into Binance Amid Massive Sell-Off
The 47th US President's branded meme coin Official Trump (TRUMP) is facing a major correction as more than $150 million of TRUMP coins are transferred to Binance, causing panic in the PolitiFi community and the meme coin market in general.
TRUMP Coin Evaporates 88% From All-Time High From Hype to Crash
Just weeks after Donald Trump was officially reinstated as President, TRUMP, which once hit an all-time high of over $73, has plummeted, currently hovering around $8.64 as of Monday afternoon. The 88% drop in less than three months has surprised many investors, especially when the political beliefs that once pushed TRUMP to become one of the hottest meme coins of 2025.
Massive Sell-Off: $150 Million in TRUMP Coin Withdrawn to Binance
According to data from LookOnChain, a cryptocurrency wallet linked to Donald Trump's financial team began transferring more than 12.5 million TRUMP (equivalent to $150.68 million) to Binance since April 28. Most recently, on Saturday, Binance continued to receive another $32.8 million in TRUMP, raising suspicions of a planned strategic dump.
The sell-off began when TRUMP was still above $15, and is continuing as the price has fallen to nearly $8, causing huge selling pressure on the market.
Geopolitical Context Fuels Panic
While the cryptocurrency market is recovering from geopolitical turmoil, meme coins have been hit harder. Tensions between Israel and Iran flared up after a US airstrike ordered by Trump, causing global markets to fall nearly 3%, and meme coins lost more than 15% of their market capitalization in just one weekend.
In particular, meme coins tied to political factors like TRUMP are more susceptible to current events, causing capital to flow out quickly.
Short-Sell Sharks Profit, Predict Price Drop to $7.3
Amid the market turmoil, some short sellers are profiting greatly from TRUMP's decline. An analyst with the pseudonym John Doe has predicted that TRUMP's price could fall to $7.3, while double-digit leveraged short positions are bringing in significant profits for speculators.
Trump Family Exits Cryptocurrency Business: What's the Final Reason?
A source close to the matter revealed that the Trump family has sold a majority stake in the World Liberty Financial cryptocurrency platform, a move that has quietly but dramatically attracted attention. According to Forbes' estimates, the deal could bring in $190 million, further reinforcing the suspicion that the sale of TRUMP coin on Binance is just part of a strategic exit plan.
Why Does This Matter?
Despite the deep correction, TRUMP coin still holds a market capitalization of $1.7 billion, continuing to be in the top 5 largest meme coins in the world. However, the large-scale sell-off and the Trump family's withdrawal could have a lasting impact on investor confidence, especially in the PolitiFi segment, which is volatile and dependent on personal image.
If the withdrawal trend continues, TRUMP coin could lose its iconic status in the meme coin ecosystem, opening up new competition for alternative political coins.