Whales spend $7 million to buy Trump coins, can the price continue to surge?
Just before the highly anticipated cryptocurrency gala, three major whales went on a buying spree, collectively spending nearly $7 million to acquire Trump coins, totaling over 539,000 tokens. Data shows that one new wallet purchased nearly $200,000 worth, another whale spent about $2 million, and the third wallet transferred over $260,000 in tokens.
This wave of buying occurred after Trump coins surged 10% yesterday, with the price reaching $14.80. The whales are clearly betting that this upward trend will continue, with market expectations that the price may break through $15, or even challenge the $17 mark.
The gala attracted several prominent figures from the crypto world, creating a strong hype atmosphere, but it also raised some concerns, especially as the proportion of foreign guests increased, which may bring uncertainty. Additionally, after the gala, investors may choose to take profits, putting price adjustment pressure.
Overall, the whales' significant purchases and the star effect provide Trump coins with strong momentum in the short term, but whether the price can continue to rise remains to be seen, with a potential selling wave always lurking.