TRUMP surges 475% out of the crash panic! Whale dumps 1 million dollars to go long 10x

TRUMP meme coin has made a strong recovery after falling 98% from its historical high of $77.24. As of October 30, the price of TRUMP Token reached as high as $8.68, returning to its highest level since September. Since the market crash in early October, the price of the Token has surged over 475%. A mysterious Whale invested $1 million, going long on TRUMP by 10 times.

Mysterious Whale $10 million aggressive bet on TRUMP

(Source: SolScan)

Blockchain detectives pointed out that a trader made aggressive high-leverage bets on Solana and Hyperliquid, which is a key catalyst behind the recent price surge of TRUMP. According to on-chain data shared by Lookonchain, a newly funded wallet just a few days ago spent 5,346 SOL (approximately 1.07 million USD) to purchase 165,401 TRUMP, which is now worth about 1.4 million USD, with unrealized gains of 335,000 USD.

(Source: HypurrScan)

More aggressively, according to data from HypurrScan, the same trader also deposited 485,669 USDC into Hyperliquid and opened a 10x cross-margin long position worth 9.5 million dollars on the TRUMP-USD currency pair. Just this one position has already realized about 1.18 million dollars in paper profit, with an entry price close to 7.37 dollars, and the current price has exceeded 8.42 dollars.

This massive leveraged bet not only demonstrates the trader's extreme confidence in TRUMP but more importantly creates strong buying pressure. A $9.5 million position with 10x leverage means that approximately $95 million in notional value is being controlled, which represents significant demand for TRUMP, with a market capitalization of $1.67 billion.

The address also holds long positions in SOL, ETH, and BTC, indicating that investors generally believe the cryptocurrency market is undergoing a rotation of risk appetite. This diversified long position shows that the trader is not merely speculating on TRUMP, but is based on a positive judgment of the overall cryptocurrency market.

This kind of Whale behavior has significant reference value in TRUMP price prediction. Large traders usually possess deeper market information and more professional analytical skills, and their bets often lead market trends. When whales establish large long positions, it usually indicates that they expect significant catalysts to drive prices up in the future.

The Xi-Trump meeting and optimistic trade discussions drive TRUMP up 30%

The stock price of TRUMP remains highly sensitive to political news and trade developments related to Donald Trump’s activities and policy positions. In the past few days, as trade tensions with China and South Korea eased, the official Trump-themed coin surged over 50% on the Solana exchange, reaching a market capitalization of $1.67 billion.

On October 27, President Trump expressed optimism about reaching a US-China trade agreement, driving TRUMP's stock price to soar 30% during trading, further enhancing market momentum. After his talks with Xi Jinping, Trump stated that the US could “quickly” sign a trade agreement with China, with tariffs on China reducing from 57% to 47%, and all rare earth issues have been resolved.

Traders often view these political statements as trend signals for meme coins, making TRUMP one of the most sentiment-driven assets in today's cryptocurrency market. This political sensitivity is the biggest difference between TRUMP and other meme coins. Ordinary meme coins rely on community hype and internet meme culture, while TRUMP is directly linked to the political performance of the President of the United States.

When Trump succeeds in diplomatic or trade negotiations, the price of TRUMP tends to rise. When Trump faces political setbacks or negative news, the price of TRUMP usually falls. This high correlation makes TRUMP a digital form of “Trump bullish options”—investors are essentially betting on Trump's political success.

After Trump delivered a speech on US-China trade relations, political optimism pushed the TRUMP stock price up 30% during intraday trading. This immediate reaction shows that the market views TRUMP as a direct proxy indicator of Trump's achievements. If the trade agreement reached at the Xi-Trump meeting is smoothly signed and executed, TRUMP may gain further support. Conversely, if there are setbacks in the trade negotiations, TRUMP may also quickly pull back.

TRUMP Technical Analysis: Overbought Warning and Target Price

(Source: Trading View)

After experiencing a round of price increases, the daily Relative Strength Index (RSI) reading of TRUMP has exceeded 70, signaling an overbought warning. This means that the current uptrend has become overheated and is likely to encounter a pullback or pause. An RSI above 70 is typically considered an overbought area, and historical experience shows that when the RSI enters this zone, prices often undergo short-term adjustments.

The overbought correction could initially lead to TRUMP falling to $7.85, a level that coincides with the 0.236 Fibonacci level, the 50-day exponential moving average (50-day EMA; red wave), and the upper trend line of the current descending channel pattern of this meme coin. This price area is a convergence point of multiple technical factors, often providing strong support.

If it falls below the support convergence point of $7.85, the rebound potential of TRUMP's stock price may be limited, and the stock price could drop below the channel downtrend line of $5.40. This would represent a decline of about 38% from the current price, essentially retracing most of the recent gains.

TRUMP Technical Key Price Levels:

Current Price: 8.68 USD

Historical High: $77.24 (has fallen 98%)

October Low: About $1.5 (up 475%)

RSI Level: Above 70 (Overbought Warning)

Key Support: $7.85 (multiple technical convergence points)

Downward Target: 5.40 USD (lower boundary of the channel)

Upward Target: 9.35-10.00 USD (0.382 Fibonacci Level)

On the contrary, if the price rebounds now or after testing the support level of 7.85 USD, it may reach the range of 9.35-10.00 USD, consistent with the 0.382 Fibonacci line and the 200-day moving average (blue wave line). A breakout above the psychological barrier of 10 USD will open up further upward space, with the next target possibly being the 12-15 USD region.

From the perspective of risk-reward ratio, the current trading strategy of TRUMP faces challenges. The overbought RSI indicates that the risk of chasing highs in the short term is significant, but the sustainability of political catalysts may support the price to continue rising. Conservative investors can wait for a pullback to around $7.85 before considering entry, while aggressive investors can participate at the current price level with a small position, but must set strict stop-losses.

The Politicization of Meme Coins: TRUMP's Unique Positioning

TRUMP represents a new direction in the development of meme coins: the politicization of meme coins. Unlike pure community-driven meme coins like DOGE and SHIB, the value of TRUMP is directly tied to a real political figure and their political performance. This model is both an advantage and a risk.

The advantage is that TRUMP has a clear narrative and a continuous flow of news. As long as Trump remains active on the political stage, TRUMP will have a constant stream of catalysts. Every political victory, policy success, or positive news for Trump could drive the price of TRUMP up. This kind of predictable catalyst is what ordinary meme coins lack.

The risk is that the price of TRUMP will also be directly affected by negative news about Trump. Political scandals, election losses, and policy failures could all lead to a sharp fall in TRUMP. Moreover, TRUMP is highly dependent on the political career of a single individual, lacking technical value support, and is essentially still a high-risk speculative asset.

Trading TRUMP requires close attention to political news. Every public speech, policy announcement, diplomatic achievement, or political controversy of Trump can trigger significant fluctuations in the price of TRUMP.