#Trump Coin Price Continues to Fall, Hitting Lowest Since October as Whale Selling Intensifies Summary Trump Meme Coin price has collapsed from $50 in January to $5 today. This drop mirrors the decline in other Trump-related assets. Whales have continued to dump the token this year. Official Trump (TRUMP) fell to a low of $5.78, down more than 40% from its October high. It remains well below its January high of nearly $50. Trump Coin's continued price decline has mirrored the performance of other Trump-related assets. Trump Media shares have fallen more than 70% this year, while World Liberty Financial's token has fallen sharply from its peak. American Bitcoin, which is primarily owned by the Trump family, has fallen more than 40% this week due to lockup expirations. Similarly, AL5, which owns WLFI tokens, is in free fall.  You may also like: LUNC Price Surges as Terra Classic Burn Rate Soars Ahead of Do Kwon's Sentencing The ongoing collapse in the price of Trump Coin is likely driven by his falling approval ratings among Democrats and Republicans. It is also due to increased selling by investors. Data compiled by Nansen shows that whales have been selling aggressively in recent months. These investors now hold 3.84 million tokens, down sharply from 5.3 million in November. Selling by whales often leads to increased downward pressure due to their significant holdings. Whales Dump Trump Coin | Source: Nansen The crash also coincided with a surge in token prices on exchanges. There are now 148 million tokens in circulation, up sharply from 147 million in November of this year. Demand for the coin has also fallen in the futures market, where open interest in its futures is in free fall.  Trump Coin Price Technical Analysis Trump Coin Price Chart | Source: crypto.news The daily chart shows that the price of Trump's meme coin has fallen sharply this month. It has fallen from last month's high of $9.56 to the current $5.80. The token remains below all moving averages, while the percentage price oscillator has fallen below zero and is pointing downwards. Therefore, the most likely forecast is a continued decline for the token, with an initial target of an all-time low of $4.57. This target price is approximately 22% below the current level. A drop below this level would push the token below $4 this month. On the other hand, a move above the resistance at $7 would indicate further gains, potentially reaching the October high of $9.56. Read more: Dogecoin's aggressive downtrend continues, with the price targeting a yearly low of $0.08