A major whale wallet dumped $2.49 million worth of TRUMP tokens, contributing to sell pressure on the token.
The 'Trump Meme Team' withdrew $3.1 million liquidity from the TRUMP market, including stablecoins and tokens, sparking concerns about an exit strategy.
Despite a recent 40% drop in value over 60 days, TRUMP token is still up 645% year-to-date, currently trading at $8.93.
The New York Stock Exchange filing for a proposed Truth Social ETF adds to the Trump family's expansion into crypto finance, potentially impacting TRUMP token's future amidst market volatility.