Official Trump (TRUMP), a meme coin based on the Solana chain, has gained huge attention from digital asset traders and whales. Today, On Feb.13, 2025, crypto analyst Onchain Lens made a post on X that a whale spent 9,350 SOL to buy 105,923 Trump tokens.
Investor interest in TRUMP
According to Onchain Lens, the whale spent 9,350 Solana worth $1.82 million to purchase 105,923 TRUMP at an average price of $16.50. In the past, the whale sold TRUMP tokens and made an impressive $2 million profit.
Today, he reentered the market due to the recent listing of Trump coin in Upbit. Investors have been attracted to the asset’s popularity and the rising trend of meme coins, which have gained popularity over recent years.
Trump price updates
With the rising number of traders getting engaged in meme-based crypto assets, many have shown interest in the TRUMP. The token has been on a downtrend for the past two weeks, indicating an overall bearish sentiment.
Despite the downward momentum, some sporadic moves appear suggesting buyers are beginning to come in. Today, increased buyers managed to reverse the downtrend. At press time, the asset is hovering at $17.00, up 10.5% over the previous day.
Recently, the asset fell sharply but found a support level of $15.30. This drop could have attracted traders looking for a discount. The asset has recovered from the support level and is trying to rebound. So far, it has managed to break the $16.00 resistance level and is gaining strength to sustain its gains.
This breakout shows buyers are present and their momentums are adequate to overcome selling pressure. The market is gaining confidence. The presence of a purchasing frenzy is promising and its ability to break through the key resistance level signals optimistic investor sentiment.
Despite an influx of buyers triggering an uptrend, the asset may encounter corrections. If buyers could gather enough pressure to push the price beyond the $22.75 resistance level, then bullish momentum will be confirmed.
