Ah, the Official Trump (TRUMP) meme token. A curious specimen, indeed. Like a butterfly pinned to a board, it flutters momentarily before succumbing to the inevitable. Currently, it’s experiencing what one might delicately term “significant volatility,” or, more bluntly, a right proper thrashing 📉. Whales, those leviathans of the crypto-sea, are divesting, their opulent tails thrashing the market into a froth of anxiety. And looming on the horizon, a token unlock – a veritable Pandora’s Box of digital trinkets.
In the past week, this digital bauble, this ephemeral trinket, dared to leap a meager 6%. But alas, hubris is a cruel mistress. Over the last 30 days, it has plummeted, a graceful swan dive into the abyss of a 30% decline. One almost feels a twinge of pity… almost 🤔.
This unsettling price ballet unfolds amidst whispers, rumors carried on the digital wind, that the US President Donald Trump—a man not unfamiliar with the art of the deal, or perhaps the art of the grift—is contemplating a new crypto caper. A Monopoly-themed game, no less! One imagines miniature hotels sprouting on digital Park Place, fortunes made and lost with the roll of a virtual dice 🎲.
Whale Sell-Off Precedes Major Token Unlock
Despite a fleeting revival to $8, a mere 1.5% nudge in the last 24 hours—a desperate gasp for air, perhaps?—the TRUMP token has endured a veritable tsunami of selling pressure. One can almost hear the plaintive cries of the digital coins as they are cast adrift.
According to The Data Nerd on X, those cryptic oracles of the blockchain, two wallets, bulging with digital treasure, offloaded a combined $4.94 million worth of TRUMP. One “9THhLQ,” a nom de guerre worthy of a Bond villain, swapped $2.48 million for 316,620 TRUMP. The other, “6obqJi,” an equally enigmatic entity, exchanged $2.46 million for 313,720 TRUMP. Such transactions! So vulgar! So… profitable? 🤑
9 hours ago, 2 wallets swapped $4.94M for 630.34k $TRUMP
– 9THhLQ swapped $2.48M for 316.62k $TRUMP– 6obqJi swapped $2.46M for 313.72k $TRUMP
Addresses:
— The Data Nerd (@OnchainDataNerd) April 16, 2025
This exodus of capital occurs just before a major token unlock event, scheduled for April 18th. A day of reckoning, perhaps? Forty million tokens, valued at a staggering $320 million, will be unleashed upon the market, like a horde of digital locusts, destined for the project’s team. This influx will swell the circulating supply by approximately 20%, triggering a chorus of anxieties about a potential market collapse. Will the levee hold? Or will the floodgates open, drowning the TRUMP token in a sea of its own making? 🌊
Trump’s Crypto Game Venture
According to a report from Fortune, that venerable chronicler of capitalist whims, citing two sources familiar with the inner workings of this digital circus, President Trump is indeed plotting a crypto game with a “Monopoly-like feel.” One envisions digital top hats and tiny iron tokens clinking across a virtual board. The decadence! The sheer audacity!
Sources whisper that the game will bear a resemblance to Monopoly Go!, that digital distraction where players accumulate in-game cash by erecting structures on a digital Monopoly board. Bill Zanker, a long-time associate of Trump, is rumored to be the orchestrator of this digital spectacle. One can almost hear the cackling laughter of the wealthy as they accumulate yet more digital riches 💰.
A spokesperson for Hasbro, the custodians of the Monopoly brand, has declared, with a hint of icy disdain, that they have not licensed their intellectual property to any Trump-affiliated organization for a crypto venture. A curious denial, indeed. Perhaps the scent of legal wrangling is already in the air ⚖️.
Developer Liquidity Removal Sparks Fraud Concerns
Adding to the already considerable turmoil, blockchain analytics firm Lookonchain reported that the TRUMP development team—those shadowy figures behind the digital curtain—removed 4.6 million USDC from the liquidity pool, spirited it away to Ethereum, and deposited it into Coinbase Prime. A daring heist, if one is to believe the whispers 🕵️♂️!
The $TRUMP dev pulled 4.6M $USDC from the pool by removing liquidity 13 hours ago.
Then they bridged 4.6M $USDC to #Ethereum and deposited it into #CoinbasePrime.
— Lookonchain (@lookonchain) April 16, 2025
This transaction was immediately flagged as deeply suspicious by crypto watchdog MASTR, who, with admirable restraint, labeled it “straight-up fraud in motion.” A rather blunt assessment, wouldn’t you agree? Though perhaps, in this digital wilderness, subtlety is a luxury we can no longer afford 🤷.
More crime around $TRUMP :
Right before a portion of the 80% $Trump supply unlocks, dev wallet yanked $4.6M $USDC from the pool, bridged it to #Ethereum, and dumped it into #CoinbasePrime.
This isn’t just shady – it’s a straight -up fraud in motion. Stay the hell away from…
— MASTR Team (@MastrXYZ) April 16, 2025
The removal of USDC, that stalwart of the crypto-world, could make it considerably more challenging to buy or sell TRUMP without triggering substantial price fluctuations. Moreover, it suggests a distinct lack of confidence in the project’s future on the part of its own developers. A rather damning indictment, wouldn’t you say? One pictures them abandoning ship, pockets bulging with ill-gotten gains, leaving the TRUMP token to flounder in the digital waves 💸.
TRUMP Price Analysis
Based on the 4-hour TRUMP chart below, the RSI (Relative Strength Index) is currently hovering around 44.50, indicating a rather neutral momentum. This suggests that the token is neither basking in the glory of being overbought nor wallowing in the depths of being oversold. A state of… mediocrity, perhaps? 😐
TRUMP 4-hour chart | Source: TradingView
The chart also reveals Fibonacci retracement levels, those mystical markers used to divine potential support and resistance levels. Key levels include:
- 0.236 Fib level at $8.79
- 0.382 Fib level at $8.22
- 0.618 Fib level at $7.71
- 1.618 Fib level at $6.12
The current price teeters precariously around the 0.382 Fib level ($8.22). If the selling pressure persists, the next support level to watch is the 0.618 Fib level ($7.71). A descent into the abyss, perhaps? Or merely a temporary setback? The market, as always, remains an inscrutable mistress 🤔.
However, should the winds shift, the 0.236 Fib level ($8.79) acts as the immediate resistance. If the token manages to breach this barrier, it could potentially target higher levels. But alas, such optimism seems, at this juncture, rather…foolhardy 😂.
Read More
- EUR CNY PREDICTION
- USD MXN PREDICTION
- USD THB PREDICTION
- IP PREDICTION. IP cryptocurrency
- Why XRP Might Just Become the Next Bitcoin (Spoiler: It’s Wild!)
- RUNE PREDICTION. RUNE cryptocurrency
- MUBARAK PREDICTION. MUBARAK cryptocurrency
- 🚨 Crypto Exchange Drama: OM Token’s Wild Ride Leaves Everyone Scratching Their Heads 🎢
- GOAT PREDICTION. GOAT cryptocurrency
- The Rise and Fall of FARTCOIN: A Financial Comedy Show!
2025-04-16 20:11