- 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.
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.
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.
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.
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