Key Notes
- TRUMP saw a short-lived volume spike of $128-$147 million last week.
- The token is now range-bound between $5.25 and $5.40.
- MELANIA surged 7% in the past day, currently trading near $0.150.
Blockchain data shows heavy distribution across the Official Trump
TRUMP
$5.33
24h volatility:
0.9%
Market cap:
$1.07 B
Vol. 24h:
$200.47 M
token, despite a short-lived increase in on-chain activity over the past week.
Nansen reported that between Jan. 3 and Jan. 5, daily trading volume spiked to $128-$147 million amid a broader meme market rally.
This is roughly three to four times the normal level. The move resulted in a price surge to $5.65.
However, price action has flattened since then. TRUMP is consolidating between $5.25 and $5.40, with no follow-through buying.
At the time of writing, the token trades around $5.34, down 93% from its all-time high of $75.
Selling Pressure Builds
Wallet behavior over the past 30 days shows that no Smart Money wallets have purchased TRUMP in the past month. At the same time, large holders continue to reduce exposure, according to Nansen.
Related article: Trump’s World Liberty Financial Applies for National Banking Charter in Push for USD1 StablecoinOver the past week alone, exchanges recorded $24.4 million in TRUMP token inflows, about 1.6 times the average.
Top profit-and-loss traders offloaded $1.8 million in the meme coin, more than 10 times their normal rate. During this time, whale wallets also posted $747,600 in net outflow.
TRUMP briefly topped a $9 billion market cap last year after a massive multi-week surge. It has since fallen to around $1.06 billion, ranking 64th among cryptocurrencies by market cap.
MELANIA Rallies as Speculation Rotates
Meanwhile, MELANIA has seen renewed speculative interest. The Solana-based token surged 7% on Jan. 9 and is up 28% year-to-date.
The token currently trades around $0.150 with a market cap of $143 million.
Coinglass data suggests that MELANIA’s long-to-short ratio is currently above 2. This means that long positions now surpass shorts by more than two times.
The renewed attention comes as Amazon MGM Studios is set to release a documentary titled “Melania” later this month.
Despite the recent bounce, MELANIA remains 99% down from its $13.73 all-time high, set shortly after launch.
Like TRUMP, it debuted around President Donald Trump’s inauguration period and followed the same hype-driven pattern.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Surges to $2.44T Amid Growing Momentum
The crypto market has grown, with a 1.35% increase in capitalization to $2.44T and Bitcoin and Ethereum prices rising. Major gainers include $PENGU, $HBTC, and $TSLA. DeFi TVL rose 1.27%, while NFT sales fell 4.99%. Key developments include Polymarket's stablecoin upgrade and CFTC's regulatory efforts.
BlockChainReporter17m ago
Pepe Price Holds Steady as ETF Filing Lifts Market Attention
Canary Capital’s ETF filing enhances Pepe Coin's institutional appeal, although trader participation declines, impacting derivatives activity. Price movements hinge on key levels of support and resistance as the market faces mixed sentiment.
CryptoNewsLand34m ago
BitTensor AI Token Plunges as Top Builder Departs Over Decentralization Doubts
In brief
TAO has fallen more than 18% in the last 24 hours amid a spat between the network's founder and a leading ecosystem contributor.
The subnet operator, Covenant AI, is leaving BitTensor after alleging centralized control by the project's founder, Jacob Steeves.
Steeves denied the
Decrypt1h ago
Market in excessive panic? MicroStrategy founder: Bitcoin has already bottomed out, and the quantum threat is an overblown worry
Michael Saylor asserted that Bitcoin has already finished bottoming out when it reached $60k, and he believes concerns about threats from quantum computers are exaggerated. He predicts that in the future, Bitcoin will become the core of a digital credit system, and he mentioned that selling pressure in the market is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of his company’s future performance.
CryptoCity3h ago
SHIB Slumps 93% From ATH as Bulls Struggle to Regain Control
SHIB price fell 93% from its all-time high, losing most of its previous momentum.
Holder growth continues, with new wallets joining despite weak market conditions.
Bulls are struggling to regain control, but on-chain signals suggest potential long-term recovery.
Shiba Inu once captured m
CryptoNewsLand3h ago
TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance
Bittensor's TAO token dropped 25% due to allegations of centralized control by co-founder Jacob Steeves, resulting in $650 million market cap loss and $9.1 million liquidations. The controversy raises concerns about the project's governance.
Coinpedia5h ago
