Trump Coin Plunge Warning: Whale Sells $10.78 Million, Price May Drop to $8.20!

Recently, a giant whale transferred $10.78 million worth of Trump Coin from Binance, stirring market turbulence. Over the past two weeks, the MemeCore_ORG wallet has withdrawn 1.39 million TRUMP coins, with a total value of $17.8 million. This move has sparked widespread attention on the future price trend of Trump Coin.

The Risks Behind Whale Withdrawals:

Large-scale withdrawals by whales usually indicate that the market is about to face price pressure, especially after MemeCore withdrew $4.46 million and $3.56 million worth of TRUMP coins, raising doubts about long-term investment confidence in this coin. While some whales still maintain their positions, incremental sell orders indicate that prices may continue to decline, suppressing market momentum.

Analysis of Key Price Ranges for Trump Coin:

Currently, $8.20 to $8.35 is a key support zone; breaking through this zone may trigger a strong rebound. If the price further drops below $8.20, it may test lower prices, even falling to $8.00. However, if the price holds near this support zone and rebounds, it may push the price up to $9.48, $9.97, or even return to the $11.00 range.

Market Sentiment:

The long-short ratio is close to balance, but long positions are dominant. The current long position ratio has reached 71.82%, indicating a generally bullish market. However, if market sentiment reverses, the liquidation pressure on short sellers may trigger severe volatility.

Conclusion:

Trump Coin faces high risk in the short term, especially as whale withdrawals exacerbate market uncertainty. If the $8.20 support level is breached, the price may plummet sharply. Investors need to closely monitor market liquidity and sentiment changes, adjusting strategies in a timely manner.