- An unknown wallet transferred 20 million TRUMP ($22.24) worth $341.923 million
- Whales built $49 million worth of long positions at the $15.92-level
After a sustained and significant price drop on the charts, U.S President Donald Trump’s memecoin, TRUMP, noted a breakout on the back of impressive upside momentum. In fact, at the time of writing, the larger cryptocurrency market sentiment appeared to have turned positive, with the same heavily influencing the altcoin.
Whale moves 20 million TRUMP from Binance
Another key factor fueling TRUMP’s momentum is a hike in whale interest and its recent listing on Upbit.
Recently, the blockchain-based transaction tracker Whale Alert shared on X (formerly Twitter) that an unknown wallet transferred a significant 20 million TRUMP memecoins, worth $341.923 million, from Binance.
Impact on TRUMP’s price
Following this transaction, the memecoin saw notable upside momentum, with the same accompanied by greater trading volume too. At press time, the crypto was trading near $19.05, following a hike of over 12.50% in the last 24 hours.
