TRUMP Coin Whale Sparks Volatility Concerns With $143M Transfer
Highlights
- $143M TRUMP token whale transfer sparks volatility fears across crypto markets.
- Analysts warn price could drop if $9.21 support fails to hold.
- Trading volume jumps 79% as market reacts to massive on-chain token move.
A large TRUMP coin transfer has stirred up the crypto space today. Whale Alert reported that 15.3 million TRUMP tokens, worth over $143 million, were moved between unknown wallets.
Massive TRUMP Coin Transfer Sparks Fresh Sell-Off Fears
This transfer happened on the Solana network and has raised eyebrows among market players. Such large movements often signal major changes ahead, especially when they involve unidentified parties.
The move comes at a time when the TRUMP coin has already been showing signs of high volatility. Analysts say this transfer could add more pressure. AlvaApp noted that recent whale activity is building momentum for possible short-term price swings.
On-chain data reveals that the token is seeing more outflows than inflows lately. Outflows suggest holders are moving assets out of wallets, often toward exchanges. This typically hints at an intent to sell, which may increase sell pressure and cause its price to dip.
Today’s $TRUMP transfer fits that pattern and is already triggering caution among traders. This isn’t the first big move for this meme coin, but it is one of the largest to date.
Token Battles Key Support at $9.21
The token itself has gained attention in recent months, riding on political hype and speculative trades. Now, with over $143 million in motion, traders are watching every small move. Volatility may rise in the coming days as more reactions unfold.
If the price dips below the $9.21 mark, it could spark further selling. But if it holds, buyers might regain control and stabilize its price. Right now, market watchers are weighing both scenarios. Most agree the next few sessions will be critical.
Whale Moves and Volatility Push Up TRUMP Volume
The TRUMP coin is trading at $9.29 today, showing a small 0.02% increase over the past 24 hours. Market cap is holding steady at $1.85 billion, while trading volume jumped 79% to over $308 million.
This surge in volume suggests increased trader interest and activity. The chart shows a sharp drop below $9.10 earlier today, followed by a quick rebound. Despite the dip, buyers stepped in quickly to push the price back up.
Earlier, popular social platform TikTok denied allegations by Congressman Brad Sherman that the platform owners purchased $300 million worth of this digital asset.
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