The Trump Coin price has crashed and is hovering near its all-time low as it has become one of the worst investments in the crypto industry. Official Trump meme coin has plunged from $50 in January to $7, erasing billions of dollars in value.
Trump Coin Price Crashes as Whales Dump
The fundamentals of the Trump Coin are worsening as whale investors continue selling. Data shows that these investors now hold about 4.62 million tokens, down by 20% in the last 30 days. They held almost 6 million coins at the peak in September.
Smart money investors, who are known for buying early, have also disappeared and now hold just 19,806 coins worth about $138,000.
The ongoing whale dumping has coincided with the substantial increase in exchange balances. There are now over 127.5 million tokens in exchanges, up from 121 million in July. Rising balances is a sign that investors are selling their coins.
The Trump Coin price crash is mostly because it is one of the most dilutive tokens in the crypto industry. There are now about 200 million tokens in circulation against a supply cap of 1 billion tokens. Millions of TRUMP tokens are coming online a month, leading to more supply.
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The performance is also because Trump-related assets are not doing well. The Trump Media stock price has crashed by double digits this year. Similarly, World Liberty Finance (WLFI) and American Bitcoin stocks have all plunged.
Whales are Buying Pudgy Pandas
Meanwhile, whale investors have now shifted to Pudgy Pandas, a recently launched token that is firing on all cylinders.
Data shows that the token sale, which was launched last week, has just raised $4 million. This growth makes it one of the best-performing token sales of the year.
Pudgy Pandas growth started with Asian whales who spotted an opportunity as pandas are highly beloved in the region. This growth accelerated this week at the Korean Blockchain Week, where the team was present.
Recently, however, there are signs that American and European investors have started to accumulate PANDA tokens. It has already started to trend on platforms like X in places like Germany and France.
Whale and retail traders see Pudgy Pandas as the next big thing in the crypto industry. For one, it is the first panda-themed token in the sector, meaning that it can start a new trend as Dogecoin and Pudgy Penguins did.
Pandas are more special than other animals because of their rarity and popularity in the Asia region. Unlike penguins and dogs that are in their millions, there are only less than 2,000 pandas.
Pushy Pandas also has a social mission in that about 20% of all the tokens have been dedicated to panda conservation. Unlike in other token sales, the team has only been allocated just 2% of the tokens, removing the risk of market manipulation.
To learn more and purchase PANDA, visit the official Pudgy Pandas website.
This content includes marketing materials. Neither BanklessTimes nor the article’s author endorses any products mentioned here. Users should perform their own research before making decisions related to the token.
