Whale Withdraws $10.78M TRUMP Coin, Will Price Drop to $8.20?
The post Whale Withdraws $10.78M TRUMP Coin, Will Price Drop to $8.20? appeared on BitcoinEthereumNews.com.
A recently-created TRUMP coin wallet moved 1M TRUMP tokens valued at $10.78 million from Binance’s platform indicating money flowing from whales. What Does Whale’s Withdrawal Mean? The MemeCore_ORG wallet had withdrawn $17.8M worth of 1.39M TRUMP coins to multiple large wallets during the past two weeks. The withdrawn quantity included 363K TRUMP ($4.46M) and 269K TRUMP ($3.56M). The wallet opened new positions at $12.82 which held a $2.8M unrealized loss. The new wallet withdrawing 900K TRUMP before extracting 100K TRUMP sparked questions about its future intentions as either long-term investor or strength exploiter. TRUMP whale activity | Source: Lookonchain Application of support from whales who choose to keep their positions may bring positive momentum which would attract new investors to join. The addition of sell orders signaled distribution which could drive prices down. Previous massive withdrawals preceded price increases but these latest MemeCore withdrawals show that such tactics do not consistently bring swift profit benefits. Careful observation is needed to determine if historic price movements will continue or take different paths. TRUMP Coin Price Action Analysis The 2-hour TRUMP/USDT chart had a swing long entry zone of $8.20-$8.35 as the most important area. The $8.20-$8.35 area provided strong historic support with the Point of Control (POC) at $8.36. TRUMP coin pricing tended to trade near $10.45 after struggling to sustain positions above the fundamental resistance mark at $11.00. A price move toward the $8.75 region which functioned as previous record-breakers could generate bullishness as traders would start to buy in anticipation of support in that range. A sustained decline into the $8.20–$8.35 zone could trigger a powerful upward movement that may result in price tests of $9.48, $9.97 and potentially $11.00. TRUMP 2-hour chart | Source: Trading View Failure to surpassed the $8.20 mark could result in downward price movement…
Filed under: News - @ May 7, 2025 7:22 pm