Whales Accumulate TRUMP Crypto Despite 16% Unrealized Loss

Whales have been actively accumulating TRUMP crypto, with one large wallet withdrawing 200,000 TRUMP tokens, valued at approximately $1.7 million, from OKX. This wallet has accumulated a total of 625,000 TRUMP tokens, worth around $5.3 million, over the past 40 days. However, despite this significant investment, the whale is still facing an unrealized loss of nearly $900,000.

The TRUMP crypto price has shown signs of a breakout, moving above a descending triangle on the 4-hour chart. This pattern typically indicates weakness, but the recent price movement has triggered early bullish hopes. However, the momentum behind this breakout is lacking, with the price struggling around $8.50–$8.60 and facing resistance at $8.85 to $9.06. These resistance levels are based on Fibonacci retracement, a tool used by crypto traders to identify potential support or resistance zones.

If the TRUMP crypto price fails to hold current support levels, the next key level to watch is $8.16. A failure at this level could see the token revisit its June lows near $5.75. The behavior of whale wallets often acts as a sentiment anchor, reflecting shifts in conviction or exit planning. Tracking these large wallets can provide early hints about potential market direction.

Exchange netflows for TRUMP crypto turned positive on July 8, indicating that more tokens are being sent onto exchanges. This typically suggests that traders are preparing to sell rather than buy. In previous rallies, TRUMP saw net outflows, a sign of accumulation. The current rise in inflows and stalling prices indicate that holders may be preparing to exit into strength. Exchange netflows are often a leading signal, with rising inflows usually preceding local tops as traders rotate from wallets to exchanges to secure exits.

The funding rate for TRUMP crypto has just turned slightly positive at 0.0064% after weeks of being negative. Normally, this would suggest a turn in sentiment. However, the funding rate is barely above zero, indicating a lack of strong positioning from either long or short traders. If the funding rate turns negative again during this consolidation, it will confirm that short traders still control the bias. The funding rate reflects the cost to hold long or short positions, and when it hovers near zero, it usually signals indecision or lack of strong positioning from either side.

Despite the breakout above the descending triangle and the activity of whales, there are still too many signs indicating that the rally may not be sustainable. Unless the TRUMP crypto price can close above $8.85 with real volume and hold $8.50 as support, this breakout may just be another false signal. The overall sentiment remains cautious, with the price still facing significant resistance levels and the potential for further downside if support is not maintained.