0 0
TRUMP Token Faces Selling Pressure as MELANIA Gains Speculative Interest
Official Trump Token (TRUMP) Distribution and Price Action:
- Recent data indicates significant distribution of the TRUMP token.
- From Jan. 3-5, trading volume spiked to $128-$147 million, driven by a meme market rally, increasing prices to $5.65.
- The price has since stabilized between $5.25 and $5.40, with no continued buying interest.
- Current trading price is $5.34, a 93% decrease from its all-time high of $75.
Selling Pressure:
- No Smart Money wallets have bought TRUMP in the past month.
- Large holders are reducing their positions.
- Exchanges recorded $24.4 million in TRUMP inflows recently.
- Top traders sold $1.8 million in TRUMP tokens, significantly above average rates.
- Whale wallets showed a net outflow of $747,600.
- TRUMP's market cap peaked at $9 billion last year; it is now $1.06 billion, ranking 64th among cryptocurrencies.
MELANIA Token Performance:
- MELANIA token surged 7% on Jan. 9, up 28% year-to-date.
- Current trading price is $0.150, with a market cap of $143 million.
- Long positions exceed shorts more than two times, according to Coinglass data.
- Speculative interest is linked to an upcoming Amazon MGM Studios documentary about Melania Trump.
- MELANIA remains 99% down from its all-time high of $13.73.