CandleFocus Whale Buy $341 Million Worth TRUMP Meme Coin, Rally Imminent?
2025-02-13
Author: Content Editor
The Trump (TRUMP) meme coin has experienced a significant price surge after a recent price drop. This upside momentum is potentially due to increased interest and accumulation by whales and investors, as well as the potential listing on the Upbit exchange. A crypto whale recently moved 20 million TRUMP meme coins from Binance, worth $341.9 million. The market has also seen an outflow of $8 million worth of TRUMP meme coin, suggesting potential accumulation. Intraday traders have been increasing their open positions, and TRUMP's open interest has risen by 12% in the past 24 hours. However, technical analysis suggests a bearish signal on the four-hour chart, which will end if the meme coin closes a four-hour candle above $18.
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