Are TRUMP Holders Selling the Meme Coin Ahead of Friday’s Token Unlock?

The TRUMP meme coin has lost 29% of its value over the past month and is now down more than 90% from its all-time high. The sharp decline has been accompanied by weakening momentum across multiple indicators.

Both suggest that bullish strength has faded and downside risks are growing. Adding to the pressure, a large wallet just withdrew millions in USDC ahead of a $317 million token unlock next week, raising concerns about possible selling activity.

Indicators Suggest Weak Momentum for TRUMP Meme Coin

TRUMP’s BBTrend indicator has sharply dropped to 1.58, down from 6.23 just two days ago. This sudden decline suggests that the strength of the previous trend has significantly weakened.

After showing strong momentum earlier in the week, the current BBTrend reading points to a possible shift toward consolidation or even a reversal if buying interest continues to fade.

TRUMP BBTrend. Source: TradingView.

BBTrend, short for Bollinger Band Trend, is a technical indicator that measures the strength of a price trend based on the width of Bollinger Bands.

Higher values typically indicate a strong directional move, while lower values suggest that the market is entering a less volatile phase.

With TRUMP’s BBTrend now at 1.58—close to the neutral zone—it could signal that the strong bullish phase is cooling off. If the indicator continues to fall and the price loses support, it may point to a period of sideways movement or the beginning of a downtrend.

TRUMP’s Ichimoku Cloud chart shows a clear bearish setup. The price is currently trading below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (baseline).

TRUMP Ichimoku Cloud. Source: TradingView.

This positioning suggests that short-term momentum remains weak, and buyers have yet to regain control.

The fact that price candles are still beneath the cloud reinforces the ongoing bearish sentiment, as the cloud often acts as resistance when prices are below it.

Looking ahead, the cloud (Kumo) is transitioning from red to green but remains flat and narrow, signaling limited upside strength. The green Senkou Span A is only slightly above the red Senkou Span B, meaning the future trend outlook is still uncertain and lacks conviction.

For any bullish reversal to gain traction, TRUMP meme coin would need to break above the cloud with strong volume. Until that happens, the chart points to continued caution, with the potential for more sideways or downward price action.

Whale Withdrawal Raises Concerns Ahead of $317 Million TRUMP Unlock

A wallet linked to Donald Trump’s memecoin withdrew $4.6 million in USDC from the Solana DEX Meteora on Tuesday.

These funds were previously used to provide liquidity for the TRUMP-USDC trading pair. They helped ensure smoother trading and price stability. This wallet has made a withdrawal for the first time, and the size and timing of the move make it noteworthy.

Even after the withdrawal, the pool still holds around $205 million in USDC and $122 million in TRUMP tokens.

Wallet Transactions. Source: Solscan.

This activity comes just days before a major unlock event set for next Friday. Around $317 million worth of TRUMP meme coin tokens will become available.

Unlocks often worry investors as they increase token supply. If a large portion is sold, it can push prices down. The $4.6 million withdrawal has raised speculation about insider moves. Some believe funds are being repositioned ahead of the unlock.

While it’s not clear if a selloff is coming, the timing suggests caution. In the days ahead, on-chain activity should be closely watched.

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