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Three reasons why the Official Trump meme coin could hit new year-to-date lows
Official Trump meme coin (TRUMP) price remains under pressure, trading below $3.05 at the time of writing on Friday amid bearish sentiment. Fading whale confidence, weakening derivatives data and deteriorating technical structure suggest that the meme coin could correct further, potentially marking a new yearly low. Santiment’s Supply Distribution data supports a bearish outlook for the Official Trump meme coin, as the number of large-wallet holders, commonly known as whales, is reducing exposure. The metric shows that whales holding between 100,000 and 1 million tokens (red line in the chart below) and between 10 ... (full story)
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