Trump-linked tokens surge as $TRUMP breaks out of a triangle pattern and $MELANIA partners with Wintermute for market-making.
$TRUMP team moves $47M to top exchanges while trading volume climbs, fueling renewed bullish sentiment and technical momentum.
Project wallets tied to the Trump family earned over $324M in fees, sparking controversy and debate over political crypto influence.
The Trump family's crypto ventures are stirring up the market. Massive token transfers and breakout price action signal growing momentum. In the past 24 hours, the MELANIA team transferred 20 million $MELANIA tokens—worth $6.62 million—to market-making giant Wintermute. This move came shortly after announcing their new partnership, signaling a push toward deeper liquidity and broader exposure.
Besides that, wallets tied to the $TRUMP team deposited 4.17 million $TRUMP, valued at nearly $47 million, across top exchanges. These include Binance, OKX, Coinbase, and Bybit. Consequently, speculation surged among traders and influencers, with some calling $TRUMP undervalued despite its $2.27 billion market cap. The coin's daily trading volume also climbed to $11.34 million.
Technical Pattern Breakout Drives Market Interest
The TRUMP/USDC reveals a long-standing descending triangle pattern that recently broke out. Price action had been consolidating for months with declining volume. The token bounced repeatedly off a key ascending trendline that held firm throughout the formation.
However, the latest breakout saw volume spike as the token surged past resistance levels. Momentum flipped bullish with price now holding above its previous consolidation base. Significantly, the technical structure indicates more upside if current support levels hold.
Moreover, $TRUMP previously hit a $15 billion market cap before retracing. Now, it’s rebounding with strength. The triangular breakout pattern confirms renewed buying interest and trader confidence.
Controversy Shadows Financial Windfall
In parallel, $TRUMP’s project creators reportedly earned over $324 million in fees between January and April. The token’s smart contract funnels a cut of each trade to specific wallets. These wallets link back to the Trump Organization and affiliated entities.
Donald Trump Jr. distanced himself from the meme coin but defended the family’s broader crypto presence. He emphasized stablecoins and mining as his focus. However, he admitted concerns over potential misuse, though cited blockchain anonymity as a defense.
Additionally, airdrops and deposits—such as 47 USD1 tokens distributed by World Liberty Financial—continue boosting ecosystem activity. Critics remain wary of political figures influencing tokenized markets. Still, supporters argue the movement reflects distrust in traditional finance.
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