"Dumped right before the event"...Trump coin plummets, whale exit signal detected

▲ TrumpMeme Official X Account ©

Official Trump (Official Trump) saw a sharp decline as the 'buy the rumor, sell the news' phenomenon materialized ahead of a major event.

According to cryptocurrency market data aggregator CoinMarketCap on April 26 (local time), Official Trump recorded a 10.83% drop over 24 hours to $2.55, moving in the opposite direction to the overall market's slightly bearish trend. During the same period, Bitcoin rose by 0.28%, confirming a decoupling phenomenon.

The biggest reason for the decline is the 'sell the news' pressure following a large investor event held at Mar-a-Lago. This token has historically repeated a pattern of rising before an event and then experiencing profit-taking sell-offs at the time of the event. This time, too, the expectation of the event was already reflected in the price, eliminating further upward momentum, according to analysis.

On-chain data also clearly detected sell signals. Approximately 40% of the top 20 wallets reportedly liquidated their holdings before the event, and the total holdings of investors qualified to attend the event also sharply decreased from $148 million a year ago to approximately $29 million currently. This indicates that the departure of key investors is weakening buying pressure.

Technically, key support levels have also collapsed. The breakdown of the previous $2.60-$2.70 range strengthened the short-term downtrend, and the market is currently focusing on whether the $2.50 level can be defended. If this level holds, short-term consolidation is possible, but if it breaks, further decline to $2.20 is raised as a possibility.

The market direction ultimately depends on the event's outcome. While there is room for a short-term rebound if unexpected policy announcements or pro-crypto messages emerge, otherwise, the combination of whale exits and decreased demand is likely to lead to continued downward pressure.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*