The TRUMP memecoin is currently facing significant market headwinds, reflecting a notable decline in investor confidence, particularly among its largest holders. This shift is characterized by consistent selling pressure, weakening technical indicators, and a pronounced absence of new whale accumulation, painting a bearish outlook for the asset's near-term performance.
Whales Exit as Conviction Fades
A significant shift in sentiment has been observed, with large holders, commonly known as whales, consistently liquidating their positions after months of inactivity. While whales recorded seven consecutive days of accumulation in October 2025, there has been no recorded whale buy activity for the past six consecutive days. Conversely, whale trend analysis indicates consistent selling over the last 11 days. A notable instance involved a whale depositing 437,000 TRUMP tokens, valued at $2.35 million, into Binance. These tokens were originally purchased for $4.7 million, resulting in a realized loss of $2.35 million. Such substantial losses, exceeding 50%, typically signal eroding conviction rather than a strategic repositioning of capital.
Weakening Momentum and Downside Risks
Technical indicators further underscore the prevailing selling pressure. The Directional Movement Index (DMI) shows a negative index notably above the positive index, indicating strengthening downside control. Furthermore, TRUMP's price continues to trade below its 50, 100, and 200 Exponential Moving Averages (EMAs), signaling a sustained bearish trend. Should this distribution persist without matching demand, the memecoin could retest the 20 EMA near $5.2. A breakdown at this level risks exposing the $5.0 zone, with potential further downside towards $4.6. For any signs of a trend reversal, bulls would need to decisively reclaim the 50 EMA near $5.5; otherwise, any rallies are likely to be met with strong supply.
