As Trump’s Truth Social is angling to launch a shiny new Bitcoin and Ethereum ETF, one major $TRUMP whale is quietly sneaking out the back door. A wallet tagged as “Kewh32” placed a major limit order to offload 275,672 $TRUMP tokens worth $2.49 million. OFFICIAL TRUMP price is already down by 30% over the last 30 days.
All this quiet offloading is unfolding just as the New York Stock Exchange (NYSE) officially went to bat for Trump’s proposed Truth Social ETF. It was filed with the US Securities and Exchange Commission (SEC) to greenlight a new rule allowing it to list. If approved, the ETF would launch within 90 days and mark a huge leap in Trump’s push into crypto finance.
Trump meme whale dumps millions
According to the data shared by Lookonchain, the whale who dumped $2.49 million worth of TRUMP tokens had already sold 100k TRUMPs (approx. worth $1 million) just 15 days ago. It still holds over 369,000 TRUMP, worth another $3.3 million. The whale is peeling off positions like it’s pre-election tax season.
This gets even worse for the token as around the same time, the Trump Meme Team pulled liquidity. They removed 4.4 million USDC and 347,438 TRUMP tokens (approx. worth $3.12 million). Then comes the next move, they bridged the USDC to Ethereum and dropped $TRUMP into a fresh new wallet. It is being considered as a little wallet cleaning, but maybe it is a stealthy exit.
The #Trump Meme Team removed 4.4M $USDC and 347,438 $TRUMP($3.12M) in liquidity 6 hours ago.
They then bridged 4.4M $USDC to #Ethereum and transferred 347,438 $TRUMP($3.12M) to a new wallet.https://t.co/ORSLE6vJiAhttps://t.co/SYyNae1nio pic.twitter.com/okTk1u0Ow9
— Lookonchain (@lookonchain) June 26, 2025
TRUMP price is on a decline lately, it is down by almost 40% in the last 60 days, while it dropped marginally over the last 24 hours. Meanwhile, TRUMP is still up by 645% on the year to date (YTD) basis, trading at an average price of $9 at press time. Its 24-hour trading volume stood at $268 million.
Its partner token, Official Melania Meme, has also witnessed a heavy dump since the launch. MELANIA price is now down by 98% from its all time high of $13.73. It is trading at an average price of $0.213 at press time.
Trump plans $2.5B Bitcoin bet via Truth Social
As the crypto market recovers, Trump Media has already proposed both a combined Bitcoin-and-Ethereum ETF and a standalone Bitcoin ETF. It has even teased a $2.5 billion fundraise to make Truth Social one of the largest Bitcoin holders on the planet. Meanwhile, spot Bitcoin ETFs are still soaking up billions, and Trump’s play could turn DJT into a meme stock and a crypto giant in one MAGA-powered shot.
But here’s the kicker, DJT is 52% owned by a Trump trust. This suggests that if these ETFs go live and if that meme coin liquidity mysteriously returns, Donald Trump could end up riding a Bitcoin-fueled redemption arc that’s equal parts ETF and meme magic.
The global digital assets market surged marginally on Thursday, holding the $3.31 trillion cap. Bitcoin price rallied to hit $108k from below the $100k mark over the last 7 days. BTC is trading at an average price of $107,809 at press time.
Read the full article here
