Whale Dumps TRUMP Position at a Loss as Token Tests $10 Support Level

A major whale has sold 407,427 TRUMP tokens (worth $3.96 million) after a five-month hold, realizing a $1.37 million loss. This sell-off occurred as TRUMP traded near $9.78, sparking concerns about large investors' short-term confidence in the token.

Despite this exit, Spot Average Order Size data shows continued high-value trading activity. CryptoQuant metrics reveal ongoing 'Big Whale Orders,' indicating institutional players and high-net-worth traders still significantly influence TRUMP's price action. Such substantial activity often precedes major price movements, suggesting potential volatility ahead.

The $10.12 level has emerged as a key technical threshold, with short liquidations and heatmap data indicating breakout potential. Traders are watching closely to see if this level could trigger another wave of liquidations.