The crypto sector is going through a noteworthy whale activity around the $TRUMP token. In this respect, the crypto whales are aggressively accumulating the $TRUMP token before the much-awaited Luncheon of U.S. President Donald Trump. As per the data from Arkham Intelligence, over the past few days, the whale addresses have extracted significant amounts of $TRUMP tokens from key crypto exchanges. The respective transfers underscore both the rising interest in the likely trajectory of the token and the extent of liquidity that is being consumed by the whales.
Whales ‘8DHka…’ and ‘7EtuA…’ Extract $2.4M and $298K from Bybit and Binance
Based on the market data, the whale wallet address “8DHkz…” extracted a staggering 850,488 $TRUMP tokens from the popular crypto exchange Bybit. This amount reportedly accounts for a total value of up to $2.4M. The respective whale has amassed these tokens over a couple of days.
Particularly, the withdrawals took place in 3 different portions. These chunks equal 249.959K $TRUMP, 399.935 $TRMP, and 200.593K $TRUMP. So, the values of these portions are $702.38K, $1.15M, and $581.72K. Apart from that, another whale has also gained attention for accumulating massive amounts of $TRUMP tokens. Thus, the whale wallet address “7EtuA…” has recently extracted another 105,754 $TRUMP tokens, accounting for $298K, from Binance. The whale reportedly accumulated these tokens from Binance via many transactions.
Whale Accumulation Before Trump’s Luncheon Triggers Speculation of Likely Rally
According to Arkham Intelligence, the scale of the respective $TRUMP withdrawals by whales from key crypto exchanges decreases selling pressure. The development also signals shift toward holding while also triggering speculation of a potential uptake in the near term. Overall, the market members are closely watching the possible outcomes of this development while heading toward the much-anticipated Luncheon of Trump.
