Since the landmark crypto summit at the White House, Donald Trump's official meme coin, TRUMP, rose from about $1.37 to $3.60. Even at those levels, the overwhelming majority of buyers remained below their entry price, underscoring how much damage the token's earlier decline inflicted on its holder base.

The pullback has been tracked in real time on X. Writing in Vietnamese, trader Gia Bảo described the strong pump from around $1.4 to nearly $3.7, the fairly deep correction that followed, and the token's current position around the $2.2–$2.3 zone, adding that the most recent data shows volume remains large but profit-taking pressure is also present:

$TRUMP nhìn chart lúc này đúng kiểu muốn kiếm kèo cafe nhưng tay lại hơi rén. Sau cú pump mạnh từ quanh $1.4 lên gần $3.7, Trump đã điều chỉnh khá sâu và hiện đang quanh vùng $2.2 – $2.3. Dữ liệu gần nhất cho thấy volume vẫn lớn, nhưng áp lực chốt lời cũng… pic.twitter.com/0Kt7ZcYDro

— Gia Bảo (@giabao_crypto) August 26, 2026

The retreat has renewed concern that short-term traders are taking profits into strength rather than building positions for a lasting recovery. Technical observers have flagged the $2 area as an important level, with a decisive break below it potentially opening the door to further losses.

Most Holders Are Still Sitting On Deficit

Despite the sharp rebound, estimates suggest that about 98% of TRUMP buyers remain underwater. That matters because a rally can look dramatic on the chart while still leaving most holders with losses, which often keeps selling interest close by whenever price moves higher. The frustration on the retail side was captured by analyst Crypto Patel, who published an open note to President Donald Trump on X. The post begins by crediting the administration for moving crypto from the courtroom to the policy table, citing clear rules, a strategic reserve conversation, and a seat for digital assets in the national discussion:

Respectfully @realDonaldTrump – A Note From The Retail Side Of $TRUMP Sir, first, credit where it is due. Your administration moved crypto from the courtroom to the policy table. Clear rules, a strategic reserve conversation, and a seat for digital assets in the national… pic.twitter.com/Bg1JvkGlpp

— Crypto Patel (@CryptoPatel) August 14, 2026

Nearly one million wallets were said to be carrying aggregate unrealized losses of roughly $3.81 billion, leaving a large group of potential sellers waiting for opportunities to reduce exposure.

That overhang complicates the meaning of the latest rally. A rapid percentage gain can attract momentum traders, but it does not necessarily remove the pressure created by investors who bought at substantially higher prices and may sell into any recovery.

Token Transfers Add To Selling Concerns

Reports also indicated that wallets linked to the project moved around $6.2 million worth of TRUMP tokens to the OKX exchange during the rally. On-chain analytics platform Lookonchain documented the transaction:

The #Trump team transferred out another 2.62M $TRUMP ($6.21M) an hour ago. The 2.62M $TRUMP ($6.21M) was then deposited into #OKX . pic.twitter.com/PmHRbAmksb

— Lookonchain (@lookonchain) August 23, 2026

Transfers to centralized venues do not prove an imminent sale, but they are closely watched because they can increase the supply available to the market. In a token already dealing with heavy unrealized losses among holders, that kind of activity can keep traders focused on liquidity and follow-through rather than the size of the bounce alone.

TRUMP's recent price action remains highly volatile, with a steep advance followed quickly by signs of exhaustion. The token's ability to hold nearby support will matter more than the scale of its recent percentage jump, particularly if profit-taking accelerates.

A meme coin rebound can mask a fragile crypto market structure. With most holders still sitting on losses and exchange-bound transfers drawing scrutiny, sustained demand — not a single burst of momentum — will determine whether the recovery has staying power.