Trump Coin Crashes as Whales Dump Millions After Dinner Flop

By: cryptofrontnews|2025/05/05 07:45:01
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Two whales dumped $8.5M in $TRUMP after the Trump dinner hype faded, erasing prior gains and signaling bearish momentum.Technical indicators like MACD and RSI confirm a strong bearish shift in $TRUMP as whales exit and forced liquidations rise sharply.Trump-linked entities face mounting ethics concerns after earning $300M from meme coin trades and sealing a $2B Abu Dhabi crypto deal.Two major whales dumped over $8.5 million worth of $TRUMP within hours, shaking investor confidence. According to Lookonchain, wallets 3kjP9L and 7X6Vun exited $TRUMP at heavy losses. Together, they offloaded 765,128 tokens, incurring a $2.34 million collective loss. Both had previously profited—yet wiped out gains and burned another $1.42 million in principal. This capitulation spooked the market. Moreover, order flows turned bearish immediately after the Trump dinner event disappointed speculators.Bearish Technicals Confirm Risk-Off ShiftAlvaApp reports sharp sell-offs followed by a MACD bearish crossover and RSI plunging into single digits. Consequently, technical sentiment flipped aggressively negative. Besides, exchange inflows surged as wallets rushed to deposit tokens. This trend aligns with the broader risk-off environment. Notably, liquidation data revealed forced exits from over-leveraged positions. Hence, momentum now favors the bears.Additionally, Alva notes that whales chased performance too late. Many entered after Trump-related euphoria peaked. When prices broke support levels, panic set in. No large buyer stepped in to stabilize price action. Until such a reversal emerges, downside pressure will likely persist. Relief rallies may occur, but sellers dominate the current structure.Ethics Questions Surround Trump's Crypto TiesMeanwhile, scrutiny around Trump-affiliated crypto ventures intensifies. On his second day back in office, Trump deflected questions about his meme coin. “I heard it was very successful,” he quipped. However, watchdogs and analysts highlight deeper concerns. Trump-linked entities have reportedly made over $300 million in trading fees since January.Moreover, another Trump venture—World Liberty Financial—announced a $2 billion crypto deal with an Abu Dhabi firm. Experts claim this partnership could generate $27 million annually. Democrats and ethics experts warn of serious conflicts of interest. These developments cast a long shadow over the $TRUMP token’s legitimacy.The post Trump Coin Crashes as Whales Dump Millions After Dinner Flop appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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