TRUMP memecoin slides 90% from ATH – But why are whales still loading up

Memecoins faced heavy losses as broader market weakness persisted. The sector’s market cap dropped from $83 billion in 2025 to $31 billion. Trading Volume also declined from $17 billion to $3 billion.

Amid the memecoin sell-off, celebrity-themed tokens, especially political ones, lost over 90% of their value. Official Trump [TRUMP] traded 90.4% below its all-time high at press time, reflecting sustained downside pressure.

Even so, whales continued accumulating TRUMP despite the ongoing decline.

TRUMP whales step in with $5.6 million

Even so, large holders continued accumulating TRUMP. Lookonchain reported two whales buying ahead of Trump’s luncheon.

One whale purchased 850,488 TRUMP worth $2.4 million. Another increase in holdings to 1.13 million TRUMP, valued at $3.2 million.

This accumulation aligned with rising spot demand. Spot Netflow remained negative for three consecutive days.

At press time, Netflow stood at -$1.49 million, indicating strong exchange outflows. This suggested buyers withdrew tokens rather than selling.

Such setups often support price stability when demand persists.

Why TRUMP memecoin still struggles

However, whale accumulation has remained one-sided. Retail demand stayed weak, while futures traders continued aggressive selling.

In fact, TRUMP’s derivatives market recorded sustained outflows through 2026. Over the past seven days, $547.9 million exited futures, against $504 million in inflows.

As a result, Futures Netflow dropped 64% to -$33.8 million. Over 30 days, total outflows exceeded $4.68 billion.

This imbalance showed derivatives selling outweighed recent whale demand, keeping downside pressure elevated.

On top of that, the Momentum (MOM) indicator remained negative. It stood at -0.039 at press time, signaling seller dominance.

If the trend held, the memecoin could drop below $2.7 and test $2.5 support in the short term.

However, sustained whale accumulation could shift sentiment. If demand improved, the price might reclaim $3 and target $4.

Final Summary

• Official Trump’s whale accumulation alone is not enough, as broader market demand remains weak and unbalanced.
• A recovery depends on stronger participation beyond whales, especially from retail and futures markets.