Trump Coin Value Drops Amid Increased Whale Selling
Trump Coin Price Decline: The price of Trump Coin has plummeted from $50 in January to around $5, reflecting a significant downtrend influenced by increased whale selling and a drop in demand.
Market Performance of Related Assets: Other Trump-related assets, including Trump Media stock and American Bitcoin, have also seen substantial declines, with Trump Media down over 70% this year.
Whale Selling Impact: Whale investors have significantly reduced their holdings from 5.3 million tokens in November to 3.84 million, contributing to downward pressure on the coin's price.
Technical Analysis Outlook: The technical analysis suggests a continued decline for Trump Coin, with a potential target of $4.57, while a rise above $7 could indicate a recovery towards previous highs.
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