California Bans Officials’ Memecoins After TRUMP Buyers Lost $3.8B
OFFICIAL TRUMP (TRUMP)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that California has banned state and local officers and certain employees from issuing memecoins. A 2027 listing restriction will apply to certain new coins offered by or in partnership with public officials. Additionally, a separate law creates a process to return forfeited crypto to fraud victims. This regulatory shift follows a situation where TRUMP buyers lost $3.8B.
How the market reacted
Whalio's own Binance spot order flow for TRUMP, measured when this story was written up on 28 September 2026. Not the outlet's figures.
TRUMP is trading at $2.13 with a 1-hour buy ratio of 48.3%, which is lower than the 4-hour ratio of 49.3% and the 24-hour ratio of 48.9%. The volume delta shows negative outflows of -$18,351 over the last hour and -$39,175 over the last four hours, compared to a larger -$355,265 over 24 hours. The buy ratio indicates the percentage of trades executed by buyers versus sellers, while the volume delta represents the net value of buys minus sells. Since the shorter-term buy ratios are higher than the 24-hour average, buying pressure appears to be stabilizing or slightly improving relative to the recent daily trend. However, the negative volume delta confirms that sellers are still dominating the flow overall.
The latest daily buy ratio of 50.0% sits at the 60th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TRUMP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 48.8%, making the current 24-hour ratio of 48.9% nearly identical. The 24-hour spot volume of $15,720,695 is only 0.55x the weekly average, indicating significantly lower trading activity. Net buying occurred on just 1 of the last 7 days, and the 8-day volume delta total was -$5,992,092. This suggests that today is an unusually quiet day for the coin, with volume dropping well below the weekly norm. The price has only changed +2.7% over the past 8 days, reflecting this subdued market participation.