Whales silently collect 630K TRUMP equals 5 million USDC – Is the price about to explode?

! In the context of volatile markets, the Official Trump (TRUMP) memecoin – the digital currency associated with former US President Donald Trump – is emerging as a bright spot thanks to its impressive growth.

The sudden rise of this memecoin took place right after a series of remarkable moves from 'whales' in the market, making investors curious and closely watching.

Whales buy $5 million in TRUMP tokens

Recently, Lookonchain — an on-chain data tracking platform — shared on social network X (trước this is Twitter) that two cryptocurrency wallets, most likely belonging to the same whale, have just spent 5 million USDC to buy 660,339 TRUMP tokens at an average price of $7.93.

This large-scale deal comes just as TRUMP is hovering around the critical support zone at $7.60. Not surprisingly, this sudden "consolidation" quickly attracted attention in the market.

Shortly after, the TRUMP price bounced up 2%, trading around $8.05 at press time.

Notably, TRUMP's acceleration comes in the context that the general market is still struggling with correction pressure, as large-cap coins such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) have not been able to regain clear growth momentum.

Long Order Volume Soars

The recent transaction not only boosted strong buying and created bullish momentum for TRUMP, but also marked a turning point in investor sentiment, according to the latest report from on-chain data analytics firm CoinGlass.

According to the data, TRUMP's Long/Short ratio jumped from 0.98 to 1.11 — its highest level since March 2025, indicating growing confidence in the bullish trend. Currently, 52.69% of top traders are betting on the upside, while only 47.31% hold short positions. As can be seen, the bulls are gradually gaining the upper hand in the market.

! ca-voi-trump

Liquidation level indicates abuse of leverage on both sides

However, traders seem to be taking advantage of strong leverage at key price levels. Specifically, long positions worth $9.73 million have accumulated around the $7.56 zone, creating a relatively fragile support layer.

On the other hand, short positions with a total value of $6.24 million are concentrated at $8.24, forming a clear and direct resistance zone. This allocation suggests that even a sufficiently large price movement—regardless of direction—could spark a wave of mass liquidations.

! ca-voi-trump

Overall, the amount of long positions currently prevails over shorts, reflecting the bulls' dominance in the market and opening up the possibility of a further rally in the short term.

Technical analysis and upcoming milestones

From a technical perspective, TRUMP has been in the downward channel since January 2025. However, recently the token has bounced from the lower boundary and is now approaching the upper limit of the price channel.

!

According to Bitcoin Magazine's analysis, if TRUMP surpasses the $8.50 mark with an upper closing day candlestick, the token could rise 18 percent to reach $10.10. However, if this threshold cannot be broken, the possibility of rejection and a downward turn will be very high.

At the moment, all eyes are on the $8.50 mark – a key price range that could decide whether TRUMP will break out strongly or continue to stagnate.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

• 40 million TRUMP coins are about to be unlocked even though the price has dropped by 83%
• Trump prepares to launch Monopoly-style crypto game

SN_Nour

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }