Whales Move 126K TRUMP Tokens to Bybit Amid Downtrend Fears

The TRUMP token, which recently surged following an endorsement by Donald Trump, is now facing a potential downtrend as large holders transfer significant amounts to Bybit. This move has raised concerns about profit-taking and further price declines.

TRUMP Token Faces Downtrend as Whales Transfer 126K Tokens to Bybit

Whales moved 126,000 TRUMP tokens worth $1.64 million to Bybit, signaling potential profit-taking. The memecoin, which surged to $16.43 following Donald Trump’s endorsement, now shows bearish technical indicators, including RSI and stochastic oscillator crossovers.

A break below the $11.40 support level could push TRUMP toward $9.20, dipping under the psychologically critical $10 threshold. The initial euphoria driven by Trump’s exclusive dinner announcement for top holders has waned, with large holders now exiting positions.

Crypto Mixer eXch Continues Illicit Operations Despite Public Shutdown

Despite announcing its closure in late April, cryptocurrency mixing service eXch remains functionally active, continuing to facilitate money laundering operations through backend channels. Blockchain forensic analysts at TRM Labs have identified persistent on-chain activity linked to eXch’s mixed-pool infrastructure, particularly in processing funds stolen from the Bybit exchange.

The service maintains operational API access for partnered privacy platforms, enabling ongoing obfuscation of transaction trails. This covert activity persists despite public claims of discontinuation, highlighting the challenges of enforcing compliance in decentralized financial systems.