Reviewed by
Reviewed by
Jacob Thomas
Updated 00:30 IST
March 18, 2026
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While Official Trump [TRUMP] was down about 5% in the last 24 hours, at press time, the accumulation process was intensifying. The daily trading volume was also reduced by about 31%, but it still commanded a significant $350 million.
These recent observations have prompted participants to anticipate a trend shift. Are these signals from the whale accumulation alongside the price action breakout enough to say TRUMP’s trend has shifted?
Analyzing TRUMP coin’s accumulation process
The number of wallets for TRUMP whales had been declining since September 2025, with a low of 69 on the 8th of October. However, the number of wallets holding well over 1 million TRUMP coins has sharply reversed, rising to a new five-month high of 83.
This spike in whale accumulation came amidst the escalating war tensions, as its price decoupled from the broader crypto market weakness. Over the past few days, the memecoin has rallied by more than 36%, indicating why the large holders were increasing their positions.
This was not a coincidence but rather a strategic positioning. Usually, this lot tends to buy just before price shifts, as seen in the chart. In fact, the price started to rally after these wallets surpassed the threshold of 80.
Apart from their combined increase in TRUMP acquisition from whales, new individual wallets were also going long.
A post by Lookonchain claims that the BitGo Custody Wallet transferred 1.5 million TRUMP coins, valued at $5.85 million, to a newly made wallet. Initially, the address sent 9 TRUMP, most likely as a test transaction to avoid a significant loss.
Such purchases indicated that new capital was flowing into the memecoin market cap. This is why TRUMP’s stock price was rising.
Did the false breakout signal a trend shift?
Additionally, the price action of TRUMP has risen by 67% from a low of $2.678 to this week’s high of $4.508. The rally came after the memecoin traded in a sideways market throughout February and the first week of March.
What followed was a break below this range, but the retest failed. This rendered the breakdown a false breakout, as the price obliterated past the range’s high at $3.689.
Still, the memecoin was stalling after the breakout, with the Choppiness Index (CHOPP) at 45.91 at the time of writing. This choppiness could be a retest. However, it came after the price hit the supply zone between $4.452 and $5, which could also mean the price was about to reverse its bullish trajectory.
If bulls continue accumulating, then TRUMP may clear past this supply zone. Otherwise, failure to defend $3.689 would mean the memecoin revisiting the demand zone between $2.718 and $3.
Final Summary
- TRUMP whales have intensified their accumulation over the past few days as the price rallied 36%.
- TRUMP price action is chopping above the monthly range, but for rally continuation, $5 needs to be cleared.
Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto with a Bachelor of Commerce in Finance. As a former equities trader, he applies traditional market rigor to crypto, delivering clear technical and on-chain analysis that explains price action, liquidity, and network behavior driving digital asset trends.
