Top TRUMP Whale Suffers $14M in Losses As Trade War Sinks Solana Memecoins

One of the largest holders of the Official Trump (TRUMP) memecoin just took a brutal hit, just as global trade tensions triggered a broader market correction and hit the memecoin sector especially hard.

TRUMP May Dump Further in April, Hints Whale’s Reaction

On-chain data shows that the whale wallet known as “traderpow” dumped 309,514 TRUMP tokens in two separate transactions over the weekend, netting $2.63 million but realizing a staggering $14.06 million in losses in the process.

In other words, TRUMP’s top investors see a higher probability of further declines in the market.

The noteworthy whale dump appears after TRUMP’s 90%-plus declines when measured from its record high of around $78, established right after its debut in January by the US President Donald Trump himself.

Concerns have been raised regarding former President Donald Trump’s involvement with the TRUMP memecoin, with allegations suggesting it may be used for illicit fundraising and potential violations of campaign finance laws.

What to note:

• In January 2025, Donald Trump launched the TRUMP memecoin, with 80% of the tokens retained by Trump-owned entities—CIC Digital LLC and Fight Fight Fight LLC.
• This concentration of ownership led to concerns about potential conflicts of interest and the possibility of using the token for personal enrichment.
• Reports indicate that entities behind the TRUMP token accumulated nearly $100 million in trading fees within two weeks of its launch.
• Conversely, tens of thousands of small traders experienced losses, raising questions about the ethical implications of the token’s promotion and management.
• Democratic lawmakers, including Senator Elizabeth Warren and Representative Maxine Waters, have urged the Securities and Exchange Commission (SEC) to preserve records related to Trump’s crypto ventures.
• They are investigating potential conflicts of interest and the influence of Trump’s financial ties on regulatory activities.
• Economist Peter Schiff has accused Trump of orchestrating a “pump and dump” scheme with the TRUMP token, calling for a Congressional investigation into potential market manipulation linked to Trump’s statements on digital assets.

These factors further dampen buying sentiment in what appears to be an ultra-risky memecoin, especially as Trump’s trade war spooks risk traders and raises the probability of a US recession in 2025.

Solana Memecoins Are Dying

TRUMP’s bearish phase further reflects the broader Solana memecoin ecosystem that has dropped substantially during the trade war phase.

The past week itself has seen top Solana memecoins, such as Bonk (BONK) and Dogwifhat (WIF), drop 10.90% and 20.50% in the past seven days. Fartcoin (FARTCOIN) has been an exception, rising 25.50% in the same period.

On-chain data further shows a significant decline in daily deployments of memecoins on Pump.fun, especially from February 2025 onward, when Trump started his tariff tactics against China, Mexico, and Canada.

Notably, Memecoin deployments peaked between late December 2024 and early January 2025, with daily deployment transactions reaching well over 60,000 per day.

However, the daily deployments have fallen by more than 70% since their peak. As of early April 2025, the average daily deployment count hovers around 15,000–20,000, indicating a major cool-down in new token creation.

Most memecoins—like TRUMP—launched during the pump phase have since lost over 90% of their value, discouraging new entrants.