Large Crypto Wallets Dump TRUMP, BNKR, & PWEASE
Large cryptocurrency investors, often referred to as 'smart money,' have been significantly reducing their holdings of TRUMP, BNKR, and PWEASE over the past week. This activity signals potential market weakness and warrants closer examination.
TRUMP
TRUMP has experienced the most substantial sell-off, with net outflows exceeding $381,420 in the last seven days. The price has been steadily declining, trading below $18 for the past month and falling by approximately 43% during that period. This suggests a loss of confidence among major investors.
Further downward pressure could see TRUMP retest support at $9.54. However, a reversal of the trend could lead to a price increase toward $17.75.
BankrCoin (BNKR)
Despite a 19% weekly price surge, BNKR also saw significant net outflows from large wallets. While some buying occurred ($75,700), selling significantly outweighed it ($213,730), resulting in a net outflow of $138,000. This indicates potential profit-taking among large investors.
Continued selling pressure could push BNKR below key support levels at $0.00019 or $0.00018. Conversely, renewed buying interest could drive the price back up towards $0.000282.
PWEASE
PWEASE, a Solana-based meme coin, shows a similar pattern. Smart money wallets exhibited net outflows of $124,320 over the past week ($166,720 bought, $291,000 sold), despite recent attention. This bearish trend suggests a reduction in exposure by larger investors.
Key support lies at $0.0125, with a potential drop to $0.0059 if it breaks. However, a bullish reversal could push the price to $0.040.
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Disclaimer: This analysis is for informational purposes only and is not financial advice. Conduct your own research before making investment decisions.