News 
January 22, 2025 
2 min. 
In a surprising turn of events following Donald Trump’s presidential inauguration, Crypto whales have been offloading or transferring large amounts of the token to unknown wallets, sparking concerns about potential selloffs, totaling $74.22 million. The movements come at a critical time when the broader meme coin market experiences significant downward pressure.
Whale Activity Signals Crypto Market Uncertainty
Two major transactions have caught the attention of crypto analysts. Notable wallet “Ansem” sold 194,799 TRUMP tokens worth $6.83 million at a loss of $2.55 million, while another unknown wallet transferred over 1.6 million tokens valued at approximately $67.39 million. These movements have sparked concerns about potential further selloffs, despite Coinbase’s recent experimental listing of the token.
Broader Meme Coin Impact
The market turbulence facing TRUMP tokens are part of a larger trend affecting meme coins, particularly those on the Solana blockchain. Popular tokens like MELANIA, DOGE, and SHIB have also seen notable declines. DOGE’s price dropped 6.62% in the past day, while SHIB fell by approximately 9%. Even MELANIA, another Solana-based token, has seen significant downward pressure despite TRUMP’s overall 440% gain since launch.
Solana Ecosystem Under Pressure
The downturn extends across the Solana meme coin ecosystem, with popular tokens BONK and WIF declining 1.7% and 5.4% respectively. MELANIA suffered a dramatic 62.7% drop to $4.13, while MEW decreased by 7.1%. Market confidence has been further shaken by recent concerns over a potential pump-and-dump scheme involving Cuba, which allegedly extracted $158 million within 24 hours after reaching a $30 million market cap.
With President Trump’s administration hinting at major executive orders, including those related to cryptocurrency, the market’s reaction in the coming days will be critical. Investors are now closely watching to see if TRUMP can recover or if this marks the start of a prolonged slump for the token and its meme coin counterparts.
