While the memecoin market cools, one of the more controversial and high-profile meme assets — $TRUMP — is seeing a clear surge in whale activity, which is getting the crypto community all abuzz.
Over the past 24 hours, on-chain data have shown a series of not-so-subtle moves by large holders of the $TRUMP token, hinting that some folks are still counting on its volatility to pay off in a big way.
At the center of this activity is a whale address known as EKtML…cvAnA, which has shown a particularly high-risk, high-reward approach to $TRUMP trading. This wallet has withdrawn 200,000 $TRUMP tokens from OKX over the last nine hours, with the assets valued at approximately $2.546 million during the time of the transaction. This was at an average price of $12.72 per token—suggesting the whale is either positioning for another upward move or shifting assets, either way, showing $TRUMP is in play.
最近 $TRUMP 波段巨鲸是越来越多了😂
巨鲸 EKtML…cvAnA 过去 9 小时从 #OKX 提出 20 万枚 TRUMP，价值 254.6 万美元，均价 $12.72；他昨天刚结束了一波波段，$14.08 提出交易所 $13.02 充值，预计亏损 18.7 万美元…
钱包地址https://t.co/ApAwq8UoxE https://t.co/psxGA8yk87 pic.twitter.com/LVEyBSq9MM
— Ai 姨 (@ai_9684xtpa) May 2, 2025
It’s interesting that this withdrawal happened just a day after EKtML…cvAnA wrapped up yet another trading cycle involving $TRUMP. Per transaction records, the same whale withdrew tokens from the exchange at a price of $14.08, only to re-deposit them at $13.02. Analysts estimate the whale incurred a loss of around $187,000 in that trading cycle — a not-insignificant sum. Why do it? A few reasons come to mind. One is that the whale is testing market depth. Another is that we have a longer-term accumulation strategy for $TRUMP by the same whale.
Profitable Timing and the Bybit Dinner List
Even if EKtML…cvAnA took a loss on the last cycle, not all whale movements around $TRUMP are ending in red.
Another major transaction, this time involving the deposit of 126,000 $TRUMP tokens into Bybit, made it to the so-called “dinner list” — an informal leaderboard of large trades that typically implies significant profits for those who timed the market right.
This specific whale made their deposit 11 hours ago, with the total token value at $1.65 million. What makes this trade notable is the distance between the offer price and the deposit value. The whale’s average acquisition price was $9.71, whereas the deposit was made at $13.02. If the tokens were sold immediately upon deposit, the trader would have secured a tidy profit of $420,000 — all without ever boarding a flight or checking into a hotel, as some traders cheekily compare crypto profits to traditional work or travel-related income.
“饭就不吃了，钱我拿走了”😎$TRUMP 晚宴榜单 TOP5 巨鲸 11 小时前将 12.6 万枚 TRUMP 全部充值进 #Bybit，价值 165 万美元；他的提出价格 $9.71，充值价格 $13.02，若卖出将获利 42 万美元，省下机酒还赚到了钱，这波不亏
本文由 #Gateio | @Gateio_zh 赞助 https://t.co/psxGA8yk87 pic.twitter.com/pUKq10Z7DU
— Ai 姨 (@ai_9684xtpa) May 2, 2025
Profitable whales are an example of how some market players can still extract value even in uncertain or declining markets. When they do this, it does raise questions about whether retail investors are being taken advantage of. This moves the conversation into murky territory and brings us back to volatility, which rather than delivering clear bullish or bearish trends, continues to define the memecoin trading environment in ways that are sometimes hard to explain.
What This Means for $TRUMP and the Market at Large
The large-scale activity surrounding $TRUMP emphasizes the ongoing influence of whales on the memecoin market. Their liquidations and reallocations in $TRUMP and other memecoins are shaping the price action, driving the liquidity dynamics of those cryptoassets, and basically influencing how those cryptoassets are behaving at the moment. While retail sentiment appears to be waning for several memecoins, these big players are still moving funds aggressively. And when they do that, it’s another reminder of who’s in charge of the memecoin market.
The latest activity on the blockchain indicates that investing in memecoins can serve one of two distinct functions — or sometimes both at once. A person might invest in a memecoin, taking the steps of a truly data-driven, almost algorithmic, trader. This would involve them timing their purchases and sales to the second, taking advantage of the kind of price discrepancies that can arise and vanish in mere moments. But we also know that memecoin investing is heavily influenced by community chatter, and that is just as true now as it was last year or the year before.
When it comes to $TRUMP, the token presses on with a heaping helping of political and cultural relevance. And if whales are any indication, they seem eager to leverage both its volatility and its name recognition.
Whether that translates into profit for the $TRUMP community will depend on what the $TRUMP community — and the broader crypto market — does in the days and weeks to come.
At present, one thing is obvious: the whales are circling, and $TRUMP is still very much on the radar.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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