TRUMP Memecoin Nosedives 90% From ATH – Whales Are Treating This Dip Like a Memorial Day Clearance Sale

The memecoin sector continues bleeding out as broader market weakness refuses to let up. Sector-wide market cap has collapsed from $83 billion to $31 billion in 2025, while trading volume cratered from $17 billion to a mere $3 billion. Political memecoins have been especially wrecked, shedding over 90% of their value in the selloff.

Official Trump (TRUMP) currently trades a staggering 90.4% below its all-time high. Despite the brutal dump, whales aren't flinching. Lookonchain flagged two large players loading up ahead of Trump's luncheon. One whale snagged 850,488 TRUMP for $2.4 million, while another bumped their holdings to 1.13 million TRUMP worth $3.2 million.

This accumulation aligns with spot netflow remaining negative for three consecutive days, currently sitting at -$1.49 million. Strong exchange outflows suggest buyers are withdrawing tokens rather than selling them—a setup that can stabilize prices if demand holds up.

But here's the thing: whale accumulation has been a one-sided show. Retail demand is nowhere to be found, and futures traders keep aggressively selling. Over the past week, $547.9 million exited futures while only $504 million flowed in, sending futures netflow down 64% to -$33.8 million. The 30-day picture is even uglier: over $4.68 billion has drained from futures. This derivative selling is outpacing whale buying, keeping downside pressure alive.

The Momentum (MOM) indicator sits at -0.039, signaling seller dominance. If sellers keep control, TRUMP could slip below $2.7 and test $2.5 support. But if whale accumulation keeps up, sentiment might flip and price could reclaim $3, eyeing $4 next.

Stay tuned for updates.