The Official Trump (TRUMP) memecoin has deepened its slide as its latest dip sees buyers look to defend the $3.30 level.
TRUMP, the fifth-largest memecoin by market cap behind DOGE, SHIB, MemeCore and PEPE, dropped to lows of $3.35 on February 27, 2026, as DOGE and SHIB shed gains amid broader crypto market weakness and bearish signals.
Trump meme declines as whale dumps tokens
Bitcoin’s retest of prices below $66,000 pushed the global market cap down 2% to $2.28 trillion, and the meme market capitalization also fell.
Data from CoinMarketCap showed that the total market cap of all memecoins had shrunk by 4.5% to $30.6 billion, shedding some of the upside seen as cryptocurrencies spiked earlier in the week.
An increase in short interest as a major whale sent tokens to an exchange appears to have added to the downward pressure facing the Official Trump token.
The large TRUMP holder reportedly deposited 5 million tokens worth over $17.3 million at the time into Binance.
On-chain data from Lookonchain tied most of these holdings to Official Trump Meme Team allocation wallets, suggesting potential team-linked offloading that could flood the market with supply.
Memecoins see deep losses
The whales’ selling coincides with the TRUMP token’s rejection near $3.60 resistance, with the downturn pushing prices deeper into the red over the past month.
It’s not just TRUMP that’s in the doldrums as top coins falter.
Most of the memecoins that drove interest during the last bull cycle are also nowhere to be seen.Floki, Popcat,Bonk, and others are sharply down from their respective all-time highs.
A recent post on X by Crypto.com highlights this outlook.
TRUMP holders have seen the token plummet from highs near $5 this month.
The Official Trump memecoin is down 73% since trading to highs of $16 in March 2025.
Upside momentum could suffer further as negative sentiment eats up crypto projects related to the Trump family, including World Liberty Financial and USD1.
Is TRUMP poised for more losses?
Negative funding rates and the long-to-short ratio near multi-week lows suggest shorts outnumber longs.
Broader meme sector fragility and absent catalysts leave TRUMP exposed, though political news tied to President Trump could spark rebounds.
As such, TRUMP faces headwinds if hype fails to resurface amid holder jitters and risk-off sentiment.
On the technical front, TRUMP’s price structure looks vulnerable below the descending trendline. Declining 50-day and 100-day EMAs also mean that buyers could be capped.
If prices fall to $3.30, downside risks could accelerate declines toward the all-time low of $3.10.
On the upside, a breakout amid fresh memecoin hype could allow for a retest of $5 and likely $10 in the short term.
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