The truth about Trump is that as they fish to launch a new shiny Bitcoin and Ethereum ETF, one major $Trump whale is quietly sneaking up through the back door. The wallet, tagged as “Kewh32,” has put in place a major restriction order to offload a $275,672 card token worth $2.49 million. Trump’s official prices have already fallen 30% in the last 30 days.
All this quiet off-roading is unfolding like the New York Stock Exchange (NYSE) officially went to the bat for the true social ETF proposed by Trump. It was filed with the US Securities and Exchange Commission (SEC) and Greenlighted new rules that allow it to be listed. If approved, the ETF will be launched within 90 days, with Trump taking a major leap towards pushing cryptocurrency funds.
Trump Meme Whale Throws Millions
According to data shared by Lookonchain, the whale, which dumped $2.49 million worth of card tokens, had already sold 100K cards (approximately $1 million) just 15 days ago. It still has over 369,000 Trumps and is worth an additional $3.3 million. Whales are stripped away like they were in the tax season before the election.
This is even worse for tokens as the token meme team has dragged liquidity. They removed 4.4 million USDC and 347,438 card tokens (worth around $3.12 million). Then the next move came, and they bridged the USDC to Ethereum and dropped $Trump into a fresh new wallet. It is considered a small wallet wash, but perhaps it could be a stealth exit.
#Trump Meme Team removed $4.4 million in USDC and $347,438 in Trump ($3.12 million) six hours ago.
They then bridged the 4.4m $USDC to #Ethereum and played a new wallet for $347,438 cards ($3.12m). https://t.co/orsle6vjia https://t.co/syyna1nio pic.twitter.com/oktk1u0ow999999999
– lookonchain (@lookonchain) June 26, 2025
Trump prices have been declining recently, falling almost 40% over the past 60 days, but have fallen slightly over the past 24 hours. Meanwhile, Trump is still growing 645% on an annual (YTD) basis, trading at an average price of $9 at press. That 24-hour trading volume was $268 million.
The official Melania Meme, the partner token, has also witnessed heavy dumps since its launch. Melania prices have fallen 98% from an all-time high of $13.73. It trades at an average price of $0.213 at press time.
Trump plans a $2.5 billion Bitcoin bet via True Social
As the crypto market recovers, Trump Media has already proposed both Bitcoin and Echo ETFs and standalone Bitcoin ETFs. It teased $2.5 billion in funding to make one of the biggest Bitcoin holders on the planet true. Meanwhile, the Spot Bitcoin ETF is still absorbing billions, and Trump’s play could turn DJT into memestock and cipher giants in one Magazine-driven shot.
But here’s the kicker. The DJT is 52% owned by Trump Trust. This suggests that if these ETFs go live and the liquidity of their meme coins returns strangely, Donald Trump could end up riding a Bitcoin Fuel Redemption Arc with the ETF and meme magic equal.
The global digital asset market surged slightly on Thursday, holding a cap of $3.31 trillion. Bitcoin prices have risen to reach $100,000 in the past seven days, below the mark below the $100,000 mark. BTC trades at an average price of $107,809 at press time.
