Whales Double Down on Trump Memecoin Despite 16% Price Plunge

Major holders of the Trump-themed memecoin ($TRUMP) are aggressively accumulating during the recent downturn, with on-chain data revealing a 13.48% weekly increase in whale-controlled supply to 4.54 million tokens. This strategic buying comes as the token price fell from $3.45 to $2.90, suggesting sophisticated players are positioning for a rebound.

One prominent wallet, identified as High Balance [3B7XAQrL], now holds 2.19 million $TRUMP at an average cost basis of $7.32—currently sitting on a 60% paper loss. Undeterred, the entity added 253,000 tokens this week, demonstrating strong conviction. Another whale, SOL Millionaire [CreQJ2t9], followed a similar accumulation pattern during the dip.

This behavior mirrors classic crypto market correction plays, where experienced capital scales into positions amid retail liquidations. The token's potent mix of political narrative and extreme meme-coin volatility continues to attract high-risk, high-conviction capital seeking asymmetric returns.