Whale Dumping Signals Weakness in Trump Coin and Melania Amidst $14M Losses

A significant sell-off by whales, known as ‘whales’ investors, has led to massive losses for both the Trump Coin ($TRUMP) and Melania ($MELANIA) tokens. Over $14 million in value has been wiped out, indicating a shift in market sentiment that may point toward a prolonged bearish trend. This selling pressure stems from concerns regarding insider trading, as crypto trader ‘Naseem’ is suspected of profiting from early access to information. Bubblemaps, a blockchain intelligence firm, discovered Naseem’s alleged pre-sale purchase and subsequent gains. Although Naseem denies having any inside knowledge, his actions raise questions about potential privilege.