- TRUMP token sees $46.97M exchange deposits, fueling speculation and high volume
- MELANIA rallies 6% as 20M tokens go to Wintermute, signaling bullish liquidity play
- WLFI airdrop revives interest despite price lows, but liquidity remains a concern
The Trump family’s crypto-linked tokens are making significant waves today, with massive transactions, surging volumes, and heightened investor attention. From Melania Trump’s meme coin activity to large-scale exchange deposits from Trump-linked wallets, today has been eventful in the world of political meme tokens.
These movements underscore the growing relevance of celebrity-affiliated cryptocurrencies and their influence on speculative markets. Moreover, the airdrop from World Liberty Financial adds another layer of excitement to an already dynamic trading day.
Major Exchange Deposits Signal Intent
According to Spot On Chain data, earlier today, a wallet associated with the TRUMP token deposited a staggering 4.17 million tokens worth approximately $46.97 million across four major exchanges: Binance, OKX, Coinbase, and Bybit. This move hints at either upcoming liquidity provision or potential sell-side pressure.
Significantly, despite a slight 0.26% dip in the TRUMP token’s value to $11.21, the 24-hour volume surged to $553.66 million. This suggests robust trading interest.
Support currently holds firm at $11.17, while resistance builds between $11.60 and $11.70. The token’s consolidation may indicate short-term indecision, yet volume metrics imply continued speculation.
Melania’s Meme Coin Gains Traction
Meanwhile, the MELANIA token, linked to former First Lady Melania Trump, experienced bullish momentum after the team sent 20 million tokens valued at $6.62 million to market maker Wintermute. This move likely aims to stabilize liquidity and reduce slippage across platforms.
Following this, MELANIA rose 6.03% on the day, reaching $0.3519. Support zones have formed at $0.3268 and $0.3400, while resistance stands near $0.3700 and peaks at $0.3800.
The chart shows a pattern of higher highs and higher lows, which reinforces a bullish trend. Volume has nearly doubled, up 95.05%, reflecting increased market activity.
World Liberty Financial Airdrop Ignites Buzz
Adding to the crypto buzz, World Liberty Financial (WLFI) executed a generous airdrop just 30 minutes ago. They distributed 47 USD1 tokens to every wallet that participated in their previous sale. This airdrop, totaling $4 million, sparked fresh attention toward the token.
Despite WLFI’s ultra-low price of $0.000000011132, it still saw an 8.7% gain. However, trading volume remains nonexistent, highlighting liquidity concerns. Support is holding at $0.000000011028, while resistance ranges near $0.000000011180.
