Whales are accumulating TRUMP, retail investors are selling off: Who will win the game?

Since reaching a peak of $9.25 on September 1, Official Trump (TRUMP) has traded in a narrow range. Over the past week, this memecoin has fluctuated between $8.1 and $8.5, forming a tight consolidation zone.

During this cooling market period, TRUMP investors, both whales and retail investors, have entered the market to position their strategies ahead of the next move.

Demand for TRUMP futures contracts increases significantly

Notably, whales that have accumulated TRUMP have consistently jumped into the futures market to take strategic positions. According to CoinGlass, this memecoin recorded an inflow of $88.54 million compared to an outflow of $87.39 million in the last 24 hours. This clearly creates a positive net inflow of $1.15 million.

Source: CoinGlassMoreover, the Long/Short ratio of Official Trump has surged to 3.61, with 78% being Long orders and 21% being Short orders. This dominance often signals an optimistic sentiment, as traders bet on higher prices.

Spot Trader pauses the game

Surprisingly, while the futures market has recorded continuous inflows, the spot market is moving in the opposite direction.

According to Coinalyze, memecoin TRUMP recorded a negative Spot Buy/Sell Delta in seven out of the last eight days.

During this period, the memecoin saw a sales volume of 23.497 million compared to a purchase volume of 22.17 million.

Source: CoinalyzeThat is why the memecoin recorded a Buy/Sell Delta of -1.32 million at the time of writing — a clear sign of strong sell-off.

Activity on the exchange also reflects this selling trend.

According to CoinGlass, TRUMP recorded two consecutive days of positive net cash flow, with 3.73 million dollars at the time of writing compared to 187,000 dollars the day before.

Source: CoinGlassHistorically, high capital inflow often precedes selling pressure and the potential for price weakness.

The whales silently accumulate more TRUMP

Even when TRUMP adjusts and stabilizes, the demand from whales remains steady.

According to Nansen, the memecoin has recorded an increase in the balance of bullish whales for 5 consecutive days. At the time of writing, the balance change of the top TRUMP holders is 121,000 tokens.

Compared to the previous context, this is a significant leap from the 44,000 tokens of the day before.

Source: NansenTypically, when the positive balance changes, it means that whales are buying more than selling. Once again, this is a clear bullish signal.

TRUMP Chart “stuck” in the zone of consolidation

According to the analysis, the narrow range of TRUMP stems from the difference between the inflow of capital into futures contracts and spot selling. Whales remain active in the derivatives market, while retail traders sell when prices rise.

Source: TradingViewAt the time of writing, memecoin is trading above the long-term MA (21DMA) and the short-term MA (9DMA), indicating short-term bullish momentum.

However, the token remains below the Parabolic SAR at $9.16, causing the trend to lean towards bearish.

To achieve a bullish reversal, TRUMP needs to close above $9.16. If it cannot, the price may drop to the support level of $8.43, then $8.20.

Minh Anh