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TRUMP sees $6.4M whale buying spree ahead of exclusive dinner event

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  • TRUMP sees a $6.4M whale buying spree ahead of Trump’s exclusive dinner event, signaling renewed big-player confidence.
  • Two major whales reversed course, pouring millions into TRUMP after previously selling off or reallocating from other tokens.
  • Despite heavy whale accumulation, derivatives data shows a market still torn between bulls and bears, with no clear momentum shift yet.

Official Trump [TRUMP] recorded a modest 1.57% uptick, a stark contrast to the explosive 79% rally it enjoyed just a week earlier. Although momentum appears to have cooled, on-chain data suggests that whales and major spot market players remain deeply engaged, hinting that a larger move could still be in the making.

Despite steady accumulation by big players, derivatives market data reveals a growing tug-of-war between bulls and bears, with no clear winner yet.

Interestingly, the recent surge in whale activity appears to have been reignited ahead of Donald Trump’s much-anticipated exclusive dinner event. Two new whale investors have stormed into the TRUMP market, snapping up an eye-watering $6.42 million worth of tokens combined.

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One whale, who had previously liquidated their token holdings, reversed course following the dinner announcement. They scooped up 337,950 tokens, totaling around $5.2 million in new buys, a major sign of renewed conviction. Meanwhile, a second whale shifted strategies entirely, selling off their holdings in Fartcoin [FARTCOIN] to reallocate $1.22 million directly into TRUMP.  

This sudden spike in buying activity followed two days of heavy spot market selling, which had previously dragged TRUMP’s momentum to a standstill. Just days ago, spot traders offloaded a massive $27.63 million worth of TRUMP tokens within 24 hours, a selloff that paused the bullish wave and raised doubts about a sustained rally.

TRUMP whales show strength but the market stays cautious

While whale activity hints at underlying bullishness, derivatives market indicators paint a more complex picture. Liquidation data over the past day shows an almost perfect balance between bullish and bearish traders: $4.42 million worth of long positions were forcefully closed, alongside $4.37 million in short liquidations. This near-parity suggests the market remains undecided, with neither buyers nor sellers gaining a clear upper hand.

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Adding to the mixed signals, the OI-Weighted Funding Rate, a key gauge of futures market sentiment, has ticked up into positive territory at 0.0116%, suggesting a slight bullish lean. However, the broader funding rate remains negative, dipping to -0.0019% at the time of writing. A negative funding rate typically signals that short traders are paying a premium to maintain their bearish bets, hinting at underlying pessimism.

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Further weighing on sentiment is the derivatives trading volume, which remains in the red, reflecting a reduction in speculative activity. Additionally, the long-to-short ratio, another important sentiment gauge, currently sits below 1, indicating that selling pressure still dominates.

If selling momentum continues to prevail, TRUMP’s price could face further headwinds despite ongoing whale support and spot market stabilization.

In short, TRUMP is at a crossroads: big players are making aggressive moves, but broader market metrics suggest caution remains the dominant mood. Whether the whales can swing the market back into bullish territory or if sellers will ultimately overpower the rally remains the key storyline to watch in the coming days.

Related | XRP and Chainlink: Why They’re Partners, Not Rivals in Blockchain Growth

Whale Loses $3.8M on $TRUMP, Then Buys Back High

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  • A crypto whale lost $3.8 million on $TRUMP trades but managed to buy back what he sold later at a higher price.
  • From the whale’s series of token transfers, it appears to be a strategy of scaling positions at a slow pace as the Trump dinner date gets closer.
  • Large amounts of USDC were withdrawn to fund purchases of the $TRUMP token, which were transferred out of Binance.

A major crypto whale recently performed a series of unfavorable moves into and out of the $TRUMP token, resulting in a $3.8 million loss before buying back at higher prices. 

The whale withdrew 10 million USDC from Binance last month, reportedly split across two wallets. On April 15th, he purchased 630,000 $TRUMP tokens with 5 million USDC at an average of $7.93 per token.

Just five hours before the Trump dinner announcement, the whale suddenly sold all 630,000 $TRUMP tokens for approximately 5.48 million USDC, averaging $8.70 per token. In this case, he turned 5 million USDC into 5.48 million USDC within a few days, resulting in a paper profit of $483,000.

His wallets after the sale contained 10.48 million USDC.

Whale’s $3.8M Loss Explained

Interestingly, a full glance at the accompanying blockchain chart shows a much messier situation. In the past two months, the whale has been involved in many trades.

Source: @EmberCN

At the beginning, several million USDC from Binance’s hot wallets were moved at once into his addresses. Some of these funds were later converted back to USDC or converted into other smaller tokens like IPLR or SOL (Solana).

Furthermore, the whale had been swapping small amounts of SOL in the last one to three weeks, including 0.0957 SOL for $12.41 and 0.1 SOL for $12.99. At the same time, much larger trades of $TRUMP, such as 316,627 $TRUMP tokens, were moved two times, amounting to roughly $2.49 million and $2.85 million, respectively.

These repeated $TRUMP trades appeared like the whale was simply gradually adjusting their position for scaling purposes rather than making one large purchase.

Crypto Whale Shuffles Tokens

The initial 10 million USDC withdrawal was said to be divided into batches, as transfers of around 2.5 million USDC were recorded repeatedly through Binance’s hot wallets to his addresses in the last two months.

He also bought $TRUMP worth a total sum of $10,000, which is a minuscule amount in comparison to his purchase of 10,000 IPLR tokens for $6.37.

Trump Dinner: Crypto Chatter Sparked as Million Dollar Token Is Withdrawn

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  • 150,100 TRUMP tokens (close to $2 million) were withdrawn from Binance, eliciting waves of speculation.
  • The massive transfer is suspected to be in connection with the $TRUMP dinner event.
  • This move is reigniting attention in the TRUMP token, causing people to wonder about a possible whale activity and market influence.

A flurry of transactions has awakened the interest of the crypto community after a new wallet made its way to pull TRUMP tokens worth several million dollars’ off Binance, one of the world’s biggest cryptocurrency exchanges.

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Source: X @Lookonchain

The transfer, just under an hour before it was posted by Lookonchain’s X handle, has sparked widespread speculation — especially since it was made in connection with the planned TRUMP token dinner event.

New Wallet Suddenly Funded with $1.94M

Suddenly, the wallet, which had not been active before, had 150,100 TRUMP tokens sent to it, in the form of five transfers from Binance. At that time, the total value of tokens was roughly $1.94 million.

When Binance moved those TRUMP tokens, it began with 100,099.95 tokens worth approximately $1.28 million, then around 40,000 tokens for approximately $517,000, and 39,999 tokens for approximately $129,000. The crypto community had a major reaction to these large transactions happening within the same hour.

Additionally, that same wallet made very small transactions in SOL, a 0.001 SOL transfer (roughly 15 cents) and a return of 0.099 SOL (roughly 15 dollars). Although these are small, these transactions do indicate wallet activation or spending on a fee, which shows the wallet was just created.

Lookonchain Links Transfer to TRUMP Dinner

Lookonchain tweeted in the platform’s X account that the said transaction could be made in reference to the “$TRUMP dinner” party for TRUMP token holders and fans. It’s still unclear if these token transfers were for symbolic, political, or for promotional purposes. 

This type of transaction is very common in cryptocurrency, and they are done by big players in the market for their own benefits. But this very transaction is more interesting for these reasons: the timing, token and the event in discussion. The TRUMP dinner continues to make the headlines, with recent report indicating that Tron Founder, Justin Sun, has also registered for the event.

TRUMP on the Edge? A Drop to $8 Looms if This Key Level Fails

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  • TRUMP could drop to $8 if it loses the $10 support level, says Ali Martinez.
  • The resistance level for TRUMP is between $10.700 and $11.500, while it is currently trading at $10.163 (down 2.62%).
  • Similar to the broader market, this token has been volatile in the last 12 hours.

A critical price analysis of the TRUMP token has been provided by Ali Martinez, a renowned cryptocurrency analyst. In a post on X, Martinez shared a chart showing the cryptocurrency’s price action on the Binance exchange. 

The chart indicates that the token’s price below the $10 support could trigger a downward trend, bringing the token’s price to $8. 

Potential Breakdown Signals a Critical Moment for TRUMP

Martinez’s chart shows a TRUMP/USDT perpetual contract on a four-hour time frame, with important support and resistance levels. It also shows that the memecoin’s price has been trading within a particular range, with the most recent price being $10.163, down 2.62% in the last session.

The token’s high in the last 24 hours was $10.668, followed by the low for today at $10.137, pointing to a narrow trading range as traders await the next movement. A rally in TRUMP once happened, and it caused the price to move above $12.500. 

However, the token encountered strong resistance, which caused its price to retrace significantly. During the decline, the price first consolidated around $11.500, then broke down toward the $10.700 support.

The price has further declined because of the continued bearish pressure, now hovering around the critical $10 support level. As Martinez warns, if this level does not hold, TRUMP might fall towards another support level around $8; it also risks falling further below it.

Will Buyers Defend $10 or Give Way to Bears?

TRUMP has been closely watched by market participants to see whether it can maintain this position or if selling pressure will bring its price lower. If bearish momentum strengthens, stop losses will be triggered all around, playing out like a slope and dropping the market to the next major support zone. 

However, a strong rebound from this level could indicate another attempt to break the $11.500 resistance.

Trump’s WLFI Token Sale Set To Launch Ahead Of 2024 Presidential Election: Report

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  • Trump’s World Liberty Financial (WLF) launches WLFI tokens, sparking debate on campaign finance and private ventures.
  • WLFI token holders gain governance rights on the Aave DeFi platform, raising concerns about political motives.
  • With 70% of WLFI tokens reserved for insiders, critics question fairness and transparency in Trump’s latest venture.

Donald Trump’s new business idea, the World Liberty Financial (WLF), will be selling its tokens called WLFI starting Tuesday, in what can be considered the first token sale by a U.S. presidential candidate. As the United State of America’s presidential election is just three weeks away, this new $1.8 billion venture has sparked debate on the possible real motives behind it and the existing or emerging conflicts of interest.

The WLFI tokens based on the decentralized finance (DeFi) platform Aave are created as a governance token that gives its holders the right to participate in the voting process concerning the further development of the protocol. Nevertheless, the audience has once again paid much attention to Trump’s post on X and, as usually, the critics have not left without mentioning the previously failed business activities of the US president. 

WLFI and Private Enterprise Links

It is significant that a presidential candidate is selling WLFI tokens and may create new links between campaign finance and private enterprise. The structure of Trump’s venture through a decentralized model leads to issues on the proper use of funds raised. 

While, it is expected to mop up $537 million with 30% of tokens on sale being open to the public and 70% being retained by insiders, which has only worsened the inequality debate. WLF is an asset-backed, lending and borrowing pool developed on the Aave protocol, and WLF has allocated 7% of its total tokens and 20% of all future fees to Aave’s DAO.

Political and Financial Implications

The timing of the WLFI token sale have raised question as to the position of this new player on the political map. While experts weigh in on the monetary implications, fears are being raised that this may erode the principles of campaign finance. WLFI being up for sale and having political and financial relations; this sale is being watched as the United States of America’s presidential election draws near.

This venture has raised eyebrows with people demanding that the authorities should be more careful to check that this new combination of crypto and politics is compliant with the law. During the course of the sale, its effects in the political and financial sectors continue to be a major discussion.