Whales Load Up on TRUMP as Memecoin Jumps 30% on Political Buzz
The Trump-themed memecoin (TRUMP) surged over 30% as on-chain data revealed aggressive whale accumulation during its recent dip. Large holders boosted their positions by 13% this week, adding roughly 640,000 tokens to wallets that now hold 4.54 million TRUMP.
Notably, one entity controlling 2.19 million tokens scooped up an additional 253,000 tokens at lower prices—a contrarian move signaling strong conviction in the asset's rebound potential. This accumulation pattern mirrors early-stage recovery plays, where savvy investors build positions ahead of retail FOMO.
Trading volume spiked alongside the price breakout, pointing to renewed market interest. The token's bounce from its $2.90 low marks a technical break from its downtrend, though its staying power will depend on broader crypto sentiment and how the political narrative plays out.
