Trump Crypto Dinner Countdown! TRUMP Coin is in a life-and-death race!!!
At this moment, the market feels like a live fish being pinned down on a chopping board by a dog trader— the support level at $12.5 is being tested repeatedly, and at the Bollinger Band lower limit of $12.3, 500,000 orders are piling up. However, at 2 AM, the massive sell-off by whales 3hA7ex and DyzM5w directly crashed market sentiment. On-chain data shows that the wallet associated with Sun Yuchen's HTX exchange has reduced its holdings by 1.76 million TRUMP, and the act of listing these on Binance has further dampened the already fragile confidence of the bulls.
1. Dinner Script Takes a Turn: 17 Whales Run Away Early
The Washington dinner originally scheduled for May 22 has become the core of the long-short game, but 17 addresses among the top 220 holders have cleared their positions, including the 25th-ranked 'noah' who sold all chips. Ironically, the wallet holding the largest position, 'SUN', is actually controlled by HTX exchange, and this left-hand-to-right-hand operation has completely awakened retail investors: the so-called dinner with Trump is merely a scheme by the project party to harvest traffic. Although the official promise is to issue limited DIAMOND HAND NFTs as compensation, the $3 million liquidation within two hours has exposed the market's deep skepticism about the dinner's expectations.
2. Technical Death Cross: Daily M-Top Formation
The 4-hour candlestick has formed a textbook M-top pattern; once the neckline at $12.5 is lost, the daily correction will directly target the gap at $11.8. The MACD has crossed negatively underwater for the second time, and although the RSI has touched the oversold area at 38, the perpetual contract funding rate has turned negative, indicating that the bears are laying the groundwork for a strike. It's worth noting that the concentration of TRUMP holding addresses is as high as 80%, and the 40 million tokens unlocked by the project party hang over like the sword of Damocles; any mass transfer of coins could trigger a stampede.
3. Market Sentiment is Polarized: Political Frenzy vs. Clear Awareness
Trump's support rate surged by 15%, but this good news was completely offset by the reduction in capital from Sun Yuchen's faction. The bulls still fantasize about Trump personally appearing on the day of the dinner, but the regulatory signals released by the White House crypto summit have raised compliance doubts about political MEME coins like TRUMP.
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