Down 90%? Whales Say "Bet" and Drop $5.6M on TRUMP While Retail Takes the Exit

The memecoin sector caught a case of the Mondays—except it lasted way longer than a day. Sector-wide market cap dropped from $83 billion to $31 billion. Trading volume went from a lively $17 billion down to a lonely $3 billion. Someone get these coins a therapist.

Political memecoins took the elevator down to basement level, naturally. Official Trump ($TRUMP) was trading 90.4% below its all-time high at press time—yikes, that's not a dip, that's a freefall with training wheels.

But here's where things get weird: whales kept buying like they're in a discount crypto store on Black Friday.

Lookonchain spotted two wallets filling their bags ahead of a Trump luncheon. One picked up 850,488 $TRUMP worth $2.4 million. Another bumped their position to 1.13 million $TRUMP, now sitting at a cool $3.2 million. These whales are either brilliant or just really good at losing money with style.

Spot Netflow stayed negative for three consecutive days, hitting -$1.49 million at press time. That means tokens kept flowing out of exchanges faster than people leaving a Lantern Finance AMA. Buyers withdrawing rather than selling