
Beside that Trump's media stock is also falling again to the new low. The decision by democrats to investigate Trump ventures is scaring all of MAGA to hold anything related to the trump. The trump itself already extracted billions, and converted majority of it to the native coin such as bitcoin and ethereum.
That's why he losses nothing from this. Meanwhile, his believers who hold majority of his coins are suffering the painful here.
FYI, Trump media moves more than 4k bitcoin to the cryptocom. They seem also try to cash out their profit, eh? You're right retail has always been the victim when they bought coin/token with politic as its foundation. However, a trade might able to see the advantage of it because they would be shorting it.
However, the dump of Trump coin is not surprising me because it's already a token dedicated to rugpull the retails since it's created, isn't?