Crypto whales liquidate these same two coins en masse

Trump memes fall out of favor

Barely days after their emergence, the Trump meme coins bowed to a newcomer on the market. This morning, they even got down on one knee because of its big investors!

After regaining some composure yesterday, Official Trump (TRUMP) is once again on the decline. It lost 13% of its value last night to fall to $36, a loss of almost 50% since its last ATH.

On the MELANIA side, the phenomenon is worse since the same coin has lost 27% of its value in the last 24 hours. It is estimated that he has even lost 60% since the start of the week.

But how can we justify this turnaround? The phenomenon is exclusively due to crypto whales which, according to Chainalysis, hold 94% of the token supply. They seem to feel that the tide is turning since they have been reselling their pieces en masse since last night.

What to expect next?

Even if the same Trump corners are looking gloomy at the moment, all is not lost… at least for one of them. Analysts remain hopeful in Official Trump because he would in fact evolve in a triangle model. Thus, all it would take is a new announcement in favor of the crypto or a tweet for it to break the figure and resume the road towards $100, then the price target planned for this spring.

On the other hand, we should not count on a return of the MELANIA crypto. This, firstly, because the figure of the first lady risks remaining in the shadows for an indefinite period, but also because doubts emerge about the legitimacy of the asset.

Selon Bubblemaps, the distribution of the token would not correspond to that announced by the official website of the token. Only a few crypto whales, possibly insiders, would share the bulk of the supply. Be careful, therefore, of a possible dump!

The moral of the story: a president has no friends among crypto whales.