Trump Dinner! Political Donations or Dog House Scam?
Niuniu News:
$TRUMP current price 14.5 dollars, trading volume surged to 480 million dollars, market value approximately 14.5 billion dollars! After skyrocketing from 0.18 dollars to 77 dollars at the beginning of the year, it crashed, sparking discussions on 'Will Trump’s birthday on June 14 be hyped again? Is the dealer harvesting again?'
Why has it risen so crazily?
Dog House Operations: On-chain data shows whales like Sun Yuchen bought up in the range of 0.18-5 dollars, pushing it up to 77 dollars. On May 15, 17 addresses in the top 220 sold 38 million dollars, causing the price to halve. There’s hot discussion about 'the dealer cutting the retail investors' leeks'!
Political Donations: 25 big players spent 6 million dollars/person to buy tickets for the 'Trump Steak Dinner,' suspected of circumventing election laws to funnel donations. Middle Eastern funds bought coins through anonymous wallets, with blockchain serving as the ledger for lobbying groups.
Meme Frenzy: Taking advantage of Trump’s campaign heat, 760,000 retail investors FOMO into the market. X is buzzing with 'political concept coins' volatility at 85%, with speculation that on June 14, the price might surge again.
Dumping Risk: On-chain holding is concentrated, Sun Yuchen's wallet has been transferring frequently recently, MACD shows a dead cross, RSI at 68 is overheated. If it breaks below 13 dollars, it may drop to 10-8 dollars. The sell-off on May 15 has already caused losses for 760,000 small investors.
Upside Potential: Stabilizing at 14.5 dollars, the hype around the birthday on June 14 may push it to 20-25 dollars. Q3 bull market + political concept support, there’s hot discussion about 'hitting 30 dollars is possible'!
Key Observations: Keep an eye on the movements of whales like Sun Yuchen, a sudden increase in trading volume indicates a sell-off. RSI falling below 50 suggests a high probability of rebound.
How to read the candlestick chart?
$TRUMP returns to the Bollinger middle line (14 dollars), MACD shows a dead cross, RSI at 68 is strong. Support at 13 dollars, resistance at 16 dollars. Short-term fluctuation downward, warning 'whale sell-off could trigger at any time'!
Monitor whale transfers, avoid chasing highs! The hype around the June 14 birthday may take off, but the risk of the dealer cutting leeks is high!
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