Connect with us
Active Currencies 18832
Market Cap $4,189,353,592,372.50
Bitcoin Share 55.53%
24h Market Cap Change $0.31

Whale dumps $7M in TRUMP – Should you brace for a price dip?

3min Read
TRUMP

Share this article

Key Takeaways 

  • TRUMP surged 8.72% as whale deposits and short liquidations fueled momentum, but rising exchange inflows and mixed trader sentiment suggest caution amid potential insider selling and near-term volatility.

A wallet associated with the Official Trump [TRUMP] team deposited 722,010 TRUMP tokens, worth $7.03 million, into Coinbase—its largest single transfer in over a month. 

At the time of writing, TRUMP was trading at $10.02 after rising 8.72% in the last 24 hours. 

Notably, the same address has executed smaller sell-offs in recent weeks, reinforcing concerns that insiders may be offloading into strength as retail interest returns.

Will the $6.25M netflow weigh on TRUMP’s momentum?

TRUMP’s spot Netflow jumped by $6.25 million at press time, reversing the recent dominance of outflows. This abrupt inflow likely reflects the whale deposit to Coinbase, suggesting sell-side intentions. 

Historically, positive Netflows during rallies tend to limit upside potential, especially when paired with whale exits. 

Therefore, despite the recent bullish price structure, this spike in net inflows could indicate incoming supply pressure. 

As a result, short-term traders may hesitate to chase the price, especially if further inflows continue.

TRUMP breaks out of its downtrend: Is this a true reversal or…

The TRUMP/USDT pair has finally broken above its descending trendline after multiple rejections in previous weeks, after rallying off a key support zone near $8.46. 

Bullish continuation is supported by the Parabolic SAR, which has flipped below the candles, while the Directional Movement Index (DMI) shows rising +DI strength. 

However, the $11.07 and $15.61 levels could act as resistance zones if sellers step in. Traders should remain cautious and validate the breakout with sustained volume and follow-through above immediate supply levels.

TRUMP price action

Source: TradingView

Is there indecision among leveraged traders?

At the time of writing, Open Interest (OI)  surged by 14.57% to $479.59 million, reflecting a sharp increase in leveraged activity. 

However, the Long/Short Ratio sat at 0.9881, with shorts slightly leading at 50.3%, suggesting market indecision.

This balance shows that traders are actively betting on both directions despite the breakout. 

While higher OI typically fuels momentum, the lack of directional conviction could trigger sharp volatility.

Therefore, any sudden shift in sentiment could result in mass liquidations. 

Shorts in danger: Could liquidation pressure fuel a breakout beyond…

According to the liquidation map, a large cluster of short positions sits just below the current price of $10.11. 

Many of these shorts used high leverage, including 25x and 50x exposure, making them vulnerable to quick squeezes. If TRUMP breaks above the $10.3–$10.6 range, cascading liquidations could push the price toward $11.5 or higher. 

Therefore, bears are at risk of being trapped unless they quickly unwind. Bulls, on the other hand, could exploit this pressure to extend the rally, assuming broader sentiment and volume support the move.

The recent $7.03 million TRUMP deposit into Coinbase by a whale address linked to the team has raised eyebrows, especially as the price breaks out above key resistance. 

Although technical indicators support bullish momentum, the rise in exchange inflows and leveraged indecision may introduce near-term volatility. If shorts continue getting liquidated, the rally could extend. 

However, caution remains necessary, as insiders could still be distributing. Traders should closely monitor price action and spot flows for confirmation of sustained upside.

 

Share

Erastus is a dedicated cryptocurrency journalist and financial analyst with over 4 years of experience in the blockchain and fintech sectors. With a strong focus on digital currencies, decentralized finance (DeFi), and emerging financial technologies, he offers an in-depth analysis of market trends and developments. Erastus is committed to providing real-time, insightful content that helps the broader crypto and fintech communities stay informed about the fast-evolving financial landscape.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.