"Dumped right before the event"...Trump coin plummets, whale exodus signal detected

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Official Trump (Official Trump) saw a sharp decline as the 'buy the rumor, sell the news' trend materialized ahead of a major event.

According to CoinMarketCap, a cryptocurrency market data aggregator, on April 26 (local time), Official Trump recorded a 10.83% drop over 24 hours to $2.55, showing a movement opposite to the overall market's slightly bearish trend. During the same period, Bitcoin rose by 0.28%, indicating a decoupling phenomenon.

The biggest reason for the decline is the 'sell the news' pressure following a large investor event held at Mar-a-Lago. This token has historically repeated a pattern of rising before an event and then experiencing profit-taking sell-offs at the time of the event. This time, too, the expectation of the event was already reflected in the price, and the momentum for further gains disappeared, according to analysis.

On-chain data also clearly showed selling signals. Approximately 40% of the top 20 wallets were observed to have liquidated their holdings before the event, and the total holdings of investors who qualified to attend the event also sharply decreased from $148 million a year ago to approximately $29 million currently. This indicates that the departure of key investors is weakening buying pressure.

Technically, key support levels have also collapsed. The previous $2.60-$2.70 range broke down, strengthening the short-term downtrend, and the market is currently focusing on whether the $2.50 level can be defended. If this level is maintained, short-term sideways movement is possible, but if it breaks, a further decline to $2.20 is possible.

The market direction is ultimately dependent on the event's outcome. While there is room for a short-term rebound if unexpected policy announcements or pro-crypto messages emerge, if not, the combined effect of whale exodus and decreased demand is likely to lead to continued downward pressure.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*