- Whale accumulation is increasing, with large $TRUMP transfers between wallets.
- The coin dropped roughly 21% last week despite a $200 million treasury rescue plan.
- Institutional support from Newsmax signals growing confidence in $TRUMP.
The broader crypto market has been struggling recently, with major coins like Bitcoin and Ethereum showing minor gains while overall volatility remains high. Bitcoin is trading around $106,877, and Ethereum sits at $3,868. Many altcoins are also displaying red weekly charts.
While most investors see these declines as a warning, some are using the slump as an opportunity. One development has emerged around $TRUMP Coin, where whale accumulation is drawing attention. According to Arkham Intelligence, a single investor recently purchased $4 million worth of $TRUMP on OKX at around $5.83 per coin.
This purchase is part of a larger trend: wallets holding millions of $TRUMP have been transferring and consolidating funds. One wallet holding $7.5 million transferred $1.17 million to another wallet with $6.5 million, signaling strategic positioning by major holders.
Price Trends and Market Sentiment
Over the past month, $TRUMP has dropped approximately 32%, even after announcing a $200 million treasury rescue and buyback plan. Regulatory scrutiny and ethics concerns surrounding Trump’s crypto ventures, which reportedly generated over $1 billion in profits, continue to affect market sentiment.
Institutional support is increasing; however, Newsmax Inc. approved up to $5 million in $TRUMP purchases alongside Bitcoin, signaling confidence from larger players and adding credibility to the project.
Related: 5 Hidden Gem Altcoins Under $1 to Watch in 2025
Technical Outlook
TRUMP’s price is currently consolidating within a symmetrical triangle after a sharp drop, showing potential for either a rebound or further decline. Lower highs are forming resistance, while the critical support zone lies between $5.64 and $5.55. Volume has been decreasing, which may indicate an impending breakout.
Source: Coinmarketcap
If the price falls below support, a rapid drop toward $5.63 could occur. On the other hand, holding above $5 could set the stage for recovery, with targets near $7.5, and if momentum strengthens, even higher toward $10–$15.
The next few weeks will be important in understanding whether TRUMP can turn whale activity into a sustained price rally or continue its struggle under current market pressures.
Related: “Cryptocurrency is Here to Stay, Accept Reality”: IMF Chief Advises Nations
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
