$TRUMP
Trump Coin Trades Fuel Liquidity Demand and Price
CoinGlass derivative data reveals that the traders are bullish on the Trump meme coin price surge, as there are 2x long positions than short, especially on Binance and other popular crypto exchanges.
Its high trading volume of $2.36B and growing open interests hint at its high demand. As a result, the TRUMP memecoin team has moved 3.5M tokens to exchanges to support liquidity.
According to their official X post, they moved 3.5M TRUMP to exchanges at 1:30 am UTC to ensure the proper availability of the token for buying and selling. Notably, they have not sold any tokens. Instead, they have used their liquidity wallet holdings.
Another significant step taken is the relocking of recently unlocked tokens. This decision is made considering the ranking of the TRUMP holders before the dinner. Experts anticipate a significant uptrend for the token amid this memecoin dinner buzz.
If the trend remained the same, the Official TRUMP price prediction hints that it would hit $45 or higher.