The TRUMP meme coin is making waves again, following a massive wallet transaction and a major regulatory update. A wallet recently withdrew 425,764 TRUMP tokens, worth approximately $4.53 million, from Binance. The move, highlighted by Onchain Lens, suggests either a major strategy shift or a possible sell-off on the horizon.
SEC Steps Away From Meme Coin Oversight
The market reacted sharply to fresh comments from SEC Commissioner Hester Peirce, also known as “Crypto Mom.” Speaking at Bitcoin 2025, Peirce confirmed that the SEC will no longer oversee meme coins, including TRUMP.
This signals a significant regulatory shift. Without oversight, meme coin investors now face greater risk—and potential volatility.
Political Concerns Cloud the TRUMP Token
Adding fuel to the fire, reports suggest the Trump Organization and affiliates control 80% of the token’s supply. This has raised ethical concerns, especially among Democratic lawmakers like Senator Richard Blumenthal. Critics fear the token may act as a backdoor for foreign or corporate influence on the U.S. presidency.
Price Analysis: TRUMP Slides Into Bearish Zone
The price of the TRUMP token is struggling. It currently trades at $10.75, showing strong bearish pressure.
- The Bollinger Bands reveal the token is hugging the lower band around $10.58, confirming downward momentum.
- The SMA 20 is at $11.91, with price action well below this average—a strong bearish signal.
- The RSI sits at 30.57, just above oversold territory. A recent dip touched 21.56, indicating extreme selling conditions.
If bearish sentiment continues and no bullish catalysts emerge, TRUMP could fall further. The next key support lies at $10, with a deeper drop targeting the $9.20–$9.50 range.
However, if the RSI dips below 25 and trading volume spikes, a short-term relief bounce toward $11.90 is possible. Even then, strong resistance at $12.30 could block further gains.
What This Means for Investors
The combination of regulatory pullback, political controversy, and bearish price action makes TRUMP a high-risk, high-volatility asset. Investors should approach with caution, especially as whale movements continue to drive market sentiment.
