3.5 million TRUMP tokens were recently unlocked, coinciding with a price surge in the memecoin sector. This move offers whales a potential opportunity to enter, but it raises concerns regarding true liquidity.
On-chain data indicates that although whales are accumulating TRUMP, their cost basis is above the current price. With weak new address growth, liquidity risks turning into a backfire scenario.
As investors watch market trends, a correction seems likely, putting TRUMP’s ability to reclaim the $15 level under scrutiny.
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