In the last 24 hours, Official Trump (TRUMP) token posted a modest 1.57% gain, sharply cooling off from last week's explosive 79% surge. Despite muted price action, whale accumulation and spot market trading activity remain strong, indicating that big players are still betting heavily on TRUMP ahead of Donald Trump's exclusive dinner event.
Whales Bet Big on TRUMP Again
Two new whales have entered the market, collectively purchasing $6.42 million worth of TRUMP tokens.
The first whale, who had previously sold off their TRUMP holdings, returned with renewed interest, purchasing 337,950 TRUMP shares valued at $5.2 million.
The second whale shifted strategy, selling off holdings of Fartcoin (FARTCOIN) and reallocating $1.22 million into TRUMP.
This wave of whale buying comes after spot market traders sold approximately $27.63 million worth of TRUMP in a single day, which had stalled the token's earlier upward momentum. The renewed accumulation suggests growing anticipation surrounding Trump’s dinner event and a possible rebound in TRUMP’s price trajectory.
A Fragile Battle Between Bulls and Bears
Data from the derivatives market paints a picture of market indecision. Over the past 24 hours:
$4.42 million worth of long positions were liquidated.
$4.37 million worth of short positions were also liquidated.
The near-equal liquidations suggest a trade balance with no clear dominant side, keeping TRUMP’s near-term direction uncertain.
However, a slight bullish tilt is visible. The OI-Weighted Funding Rate, a metric that aggregates derivatives data to predict market direction, sits at a positive 0.0116%, hinting at an underlying bullish phase that could propel TRUMP higher.
Bearish Pressure Remains Despite Whale Activity
While whales are accumulating and funding rates show slight positivity, broader metrics still favor bears:
The Funding Rate dipped into negative territory at -0.0019%, indicating that short sellers are paying premiums to maintain their positions.
Derivatives Trading Volume remains negative, showing decreased bullish participation.
The Long-to-Short Ratio is currently below 1, signaling that sellers have the upper hand.
If bearish dominance persists, TRUMP's price could face additional downward pressure, despite the strong show of faith by major whale investors.
What Lies Ahead for TRUMP?
The next few days will be critical for TRUMP’s price trajectory. Whale accumulation signals bullish sentiment, but lingering bearish derivatives data suggests caution. Traders should closely monitor key indicators like funding rates and the Long-to-Short Ratio for signs of a definitive breakout or continued decline.
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