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📰 [WHALE] “Dumping” by Whales—Weak Demand Power? Memecoin TRUMP Slips Despite VIP Gala
• Memecoin TRUMP drops nearly 10% in 24 hours, having lost more than 96% of its value from its peak, despite an exclusive investment gala event at Mar-a-Lago.
• On-chain analysis suggests selling pressure from whales or a lack of new capital inflows, overpowering the positive news from the event.
• Uncle Trader recommends that memecoin investors prioritize risk management and monitor on-chain data to make informed decisions.