TRUMP Coin Whale Bags Heavily Despite Previous Losses

A TRUMP coin whale has nabbed noteworthy attention among crypto market participants globally by bagging $1.6 million worth of tokens amid broader

A TRUMP coin whale has garnered attention among crypto market participants by acquiring $1.6 million worth of tokens amid broader sector turmoil.

On-chain data on Saturday revealed that the whale, previously noted for incurring substantial losses with the same token, has once again entered the market as TRUMP coin’s price continues to dip.

This, in turn, has left traders and investors speculating whether the meme coin could pump or plunge next, as broader trends highlight the possibility of further volatility while the accumulation signals potential gains ahead.

TRUMP Coin Whale Bags Heavily Despite Previous Losses

As per data provided by Lookonchain, on February 8, a TRUMP coin whale spent 1.6 million USDC to buy 95,657 tokens. While usual market sentiments convey optimism in light of whale accumulations, this trader’s past maneuvers surrounding the meme coin appear to be largely bearish.

According to the platform’s findings, the trader (address- 3MF15CZwf) is known for buying at highs and selling at lows, thus making losses. Over the past six days, this whale executed a虧損 strategy, losing about $835K.

In light of these虧損 tactics, market observers remain unsure of the political meme coin’s future performance amid broader trends.

Crypto Market Volatility Puts Pressure On Prices

It is also important to note that the TRUMP coin whale might be trying to exhibit a buy-the-dip strategy, which has failed as he bought too early and the token’s price continued to drop. Mainly, this waning action is attributed to the broader crypto market trend as BTC and altcoins fail to pump due to macroeconomic developments.

With Donald Trump announcing new tariffs on Canada, Mexico, and China earlier this week, markets took a hit. In response, even the digital asset sector saw a bearish run.

Moreover, despite a 30-day pause on the new tariffs, the market is yet to recover as investor uncertainty over future movements continues to loom. With this factor weighing in, the crypto market continues to face market volatility, impacting even the political meme coin.

Official TRUMP Coin Price Slumps

At the time of reporting, TRUMP coin’s price fell nearly 4% and is currently trading at $16.96. Its intraday bottom and peak were $16.22 and $18.17, respectively.

Meanwhile, on the weekly chart, the meme coin encountered a massive 28% price decrease. This plunging action aligns with the broader market trend.

However, market enthusiast MOON JEFF recently took to his platform, revealing that the meme coin is consolidating. Moreover, he goes on to add that, “A big pump is coming. Flying to $50 from here.”

This statement may come true if the crypto market recovers in time and the asset sees renewed market interest. Additionally, the TRUMP coin whale accumulation aligns with this bullish projection.

However, the current meme coin market dynamics indicate that traders should be prepared for short-term volatility, mirroring broader trends. In other news, a recent report on the TRUMP coin suggests that the crypto might also slip to $5 if the bears continue to dominate.