Trump Coin Faces Volatility as $7.5M Liquidity Withdrawn
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Trump Coin is experiencing significant volatility after $7.5 million was withdrawn from its liquidity pool, raising concerns about its future price stability. The withdrawal, seen as a potential insider cash-out, included $4.4 million in USDC and $3.12 million in TRUMP tokens, which were moved to a new wallet. This development has led to a 45% drop in the coin's value from its late-May peak.
The situation is compounded by a known whale increasing profit-taking activities, further pressuring the coin's demand. Despite broader market trends showing bullish signs, Trump Coin struggles with low demand and potential sell-offs. In contrast, Bitcoin Hyper is gaining attention as a promising Layer 2 solution, offering Solana-level speed and smart contracts to address Bitcoin's scalability challenges.