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Crypto investor “Traderpow” sold $2.63M worth of $TRUMP tokens at a $14M loss.
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The sale comes ahead of a 40M $TRUMP token unlock on April 18.
A prominent crypto whale known as “Traderpow” has sold 309,514 $TRUMP tokens for approximately $2.63 million, according to on-chain data.
The sale resulted in a realized loss of $14.06 million, a sharp reversal for the investor who previously profited $22.7 million from the same asset.
The sale arrives less than two weeks ahead of a vesting event for $TRUMP. On April 18, around 40 million tokens—valued at roughly $360 million based on current market prices—are scheduled to be unlocked. Traders are concerned this unlock will trigger a round of sell pressure, further exacerbating the token’s already vulnerable position.
As at april 7, 2025, $TRUMP is trading at $8.17, representing an 89% decline from its all-time high of $75.35.
The memecoin, which saw fast bullish momentum earlier this year following growing political attention, has since seen a sharp reversal. Over the past week alone, the token has declined over 19.65%, including a 6.03% decline in the past 24 hours.
Strategic exit or signal of concern?
The reason behind Traderpow’s decision remains unclear. However, analysts cite several possible factors, including expectations of further price declines, short-term liquidity needs, or a strategic exit ahead of the April unlock. Tax-loss harvesting has also been identified as a potential reason for the timing of the sale.
This move has added additional pressure on politically themed tokens’ viability, which rely more on hype than on fundamentals. Even being ranked 48th by market cap at $1.61 billion, $TRUMP’s history serves as a reminder of the risk facing holders who bought in at highs.
The global market has also been volatile, with major assets such as Bitcoin facing downward pressure due to continuous macroeconomic uncertainty. The upcoming $TRUMP unlock is seen as a potential inflection point, with some traders anticipating increased selling activity.
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