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Cardano
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Cardano Bullish Bets: Daily Trading Volume Explodes With ETF Listing Buzz – What To Know

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In the ongoing wave of bullish sentiment flooding the broader cryptocurrency market, Cardano (ADA) is benefiting from the renewed upward action as its price draws closer to the $1 mark. ADA’s current fresh rally appears to have sharply bolstered the mood of investors, with massive capital observed flowing into the leading altcoin and blockchain.

A Surge In Cardano’s Market Activity

Once again, Cardano has reclaimed $0.9 threshold as the altcoin gains notable bullish traction. Alongside this newfound upside strength in price, the major blockchain has experienced a surge in its activity in the past day.

TapTools reported this surge in market activity in a recent post on the social media platform X, which reflects heightened investor engagement. The development also underscores growing conviction in the blockchain’s long-term potential as both traders and institutions swoop in to take advantage of its recent momentum.

Data shared by TapTools shows that Cardano’s daily trading volume exploded following its bullish price action, surpassing a staggering $2.5 billion. In addition to highlighting the blockchain’s growing market position, this substantial volume suggests shifting dynamics within the general crypto landscape.

Source: Chart from TapTools on X

According to the platform, this significant growth in trading volume coincides with the anticipation of its Exchange-Traded Fund (ETF) listing. Considering the trend, it seems investors are positioning themselves for what could be a game-changing moment in the altcoin’s journey.

With anticipation running high, the likelihood of the Cardano Spot ETF getting approval from the United States Securities and Exchange Commission (SEC) has experienced a sharp uptick in the last few days. Such a development signals rising confidence from institutional players and the crypto community toward approval, expected to occur in October this year.

TapTools has shared a recent chart from leading prediction platform PolyMarket, which reveals that the odds for an ADA spot ETF are now positioned at 89%. The percentage marks an all-time high supported by its strengthening fundamentals, and rising calls for greater diversification in cryptocurrency investment products.

ADA’s Price Building Momentum For A Rally

With Cardano ETFs’ potential growing and the network rising, ADA might be gearing up for the next major upswing in the crypto market. Several well-known crypto analysts, such as Ali Martinez, are predicting an extension of its current rally beyond the $1 price level.

After examining Cardano’s price action in the daily time frame, Ali Martinez revealed that the altcoin is holding strongly above a key support, suggesting strong buying pressure. Should the bulls manage to maintain this momentum and push the price higher, the expert foresees a move toward the next key targets at the $1.15 and $1.25 range.

In another X post, Martinez outlined the reappearance of a bullish pattern seen in 2020 that led to a significant price surge. According to the expert, ADA seems to be mirroring this trend from the last cycle and is likely to experience a similar rally. As a result, Martinez has declared the ongoing bull rally is still in its early stages.

ADA trading at $0.90 on the 1D chart | Source: ADAUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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IMX price up 28% as signs of bullish reversal emerge, how high can it go?
NFT Gaming

IMX price up 28% as signs of bullish reversal emerge, how high can it go?

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IMX price rallied for the fourth straight day as investors continued to move their holdings off exchanges as a bullish reversal pattern formed on the weekly chart.

Summary

  • IMX price hit an 8-month high of $0.86 today.
  • The token’s supply on exchanges has dropped over the past month. 
  • Technicals are flashing early signs of a bullish reversal in the making.

According to data from crypto.news, ImmutableX (IMX) price rose 28% to an 8-month high of $0.95 before it settled at $0.86 at the time of writing. At this price, the token is up nearly 100% above its monthly lows and 160% from its year-to-date low.

The daily trading volume for IMX has doubled over the previous day, a sign of robust demand from traders.

IMX’s gains come amid an ongoing trend of investors moving their holdings off exchanges. Notably, the token supply on exchanges has decreased from 267 million at the beginning of September to around 253 million at press time, according to data from Nansen. 

Source: Nansen

As more investors withdraw their holdings from exchanges, the circulating supply of the token drops. This could reduce selling pressure on the token while also signalling a strong commitment from existing holders, factors that could support its gains ahead.

Investor attention has also turned toward IMX after the Immutable team announced a partnership with Netmarble, a leading South Korean mobile game developer and publisher, last week. 

The partnership has enabled developers building on Immutable to integrate with hit mobile titles like Solo Leveling: ARISE, Seven Knights, and Marvel Future Fight, allowing them to earn rewards, access new audiences, and leverage Netmarble’s global reach. 

Market experts expect the development will strengthen Immutable’s presence in the mainstream gaming sector and further enhance the utility and demand for the IMX token.

On the weekly chart, IMX price has confirmed a breakout from a double-bottom that has been forming since the beginning of this year. Following the token’s recent rally, IMX has broken out of the pattern, a development that could bring more gains for the token in the short term.

IMX price has broken out of a double-bottom and a larger-scale falling wedge on the weekly chart — Sep. 19 | Source: crypto.news

Zooming out the chart, it also appears that IMX confirmed a breakout from a multi-year falling wedge pattern, which had been formed as the token price action made lower highs and lower lows, connecting which forms two converging trendlines. In technical analysis, a breakout from this pattern typically leads to a reversal trend from bearish to bullish.

The setup on IMX is increasingly shaping up like the early stages of a bullish reversal, with the double-bottom breakout suggesting that sellers have lost their grip and the multi-year falling wedge giving way, the token is showing signs of shifting from a prolonged downtrend into an uptrend.

The key now is whether IMX can hold these breakout levels as support; if it does, that would strengthen the case that this move is not just a short rally but the foundation for a sustained reversal.

Based on this setup, the next likely target for IMX is $1.31, a projected level calculated by adding the depth of the double bottoms formed and adding it to the level at which the token broke out of the pattern. The target set by the falling wedge pattern stands much higher, at $2.70, which is up nearly 229% from the current price level.

A drop below $0.82, the neckline level of the double bottom, would, however, invalidate this price prediction.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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XLM/USD (TradingView)
Crypto Trends

XLM Technicals Signal Bullish Strength Amid 4% Rally

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Stellar’s XLM demonstrated notable resilience during the 24-hour session from Sept. 17, 17:00 to Sept. 18, 16:00 (UTC), trading within a $0.02 corridor between $0.38 and $0.40.

The asset showed a sharp recovery following early weakness, with strong volume-driven advances at $0.39 around 19:00 and again at $0.40 near 15:00.

Transaction volumes of 40.04 million and 33.80 million at these levels both exceeded the 24-hour average of 30.47 million, underscoring firm buying interest. Repeated testing of the $0.40 resistance zone highlighted the threshold as a key battleground, while support consolidated just below, pointing to steady accumulation.

The final hour of trading proved particularly strong, with XLM rising from $0.40 to a session high of $0.40 at 15:36, backed by a surge in volume to 7.50 million—roughly 24 times the typical hourly level. This outsized activity reinforced a breakout move, with buyers consistently defending the $0.40 level. Market behavior suggested sustained institutional participation, laying the foundation for an extension of the 24-hour uptrend.

Across the period, XLM appreciated nearly 4%, climbing from $0.38 to $0.40. Trading data pointed to steady institutional positioning, with high-volume moves suggesting longer-term accumulation strategies rather than short-term speculative flows. The ability to hold higher support levels while repeatedly probing resistance zones further confirmed bullish momentum.

XLM/USD (TradingView)

Technical Indicators Signal Continued Strength
  • Trading corridor of $0.02 constituting 5% differential between $0.38 floor and $0.40 ceiling during 24-hour session.
  • Volume-reinforced advances at $0.39 and $0.40 with 40.04M and 33.80M volumes surpassing 30.47M baseline.
  • Primary resistance within $0.40-$0.40 territory with repeated testing demonstrating institutional engagement.
  • Support establishment around $0.40-$0.40 indicating accumulation during market pullbacks.
  • Remarkable 60-minute volume acceleration of 7.50M constituting 24 times standard hourly benchmark.
  • Reliable support above $0.40 threshold following primary breakout configuration.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Dogecoin price and bullish memecoin market cap.
Crypto Trends

Dogecoin bullish price structure continues as memecoin index rises

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Dogecoin price remains firmly bullish, consolidating just below high-time-frame resistance at $0.28. With the memecoin market index rising to historic levels, momentum suggests a continuation rally toward $0.34 and potentially higher.

Summary

  • $0.28 Resistance: Multiple retests weaken supply; breakout targets $0.34.
  • Bullish Structure: Higher lows intact; consolidation shows accumulation.
  • Memecoin Index: $80B test could spark sector-wide rally toward $120B.

Dogecoin (doge) price action continues to trade within a bullish market structure, supported by higher lows and strong consolidation under resistance. While price faces challenges at $0.28, multiple technical and market-wide signals indicate that bulls may soon reclaim this level.

Adding to the optimism, CleanCore Solutions recently surpassed 500 million Dogecoin in its treasury holdings, reflecting growing corporate confidence in the asset. A breakout could align with a broader rally across the memecoin sector, where total market capitalization is approaching a critical inflection point.

Dogecoin price key technical points:

  • $0.28 Resistance: Multiple retests suggest weakening supply at this level.
  • Next Target $0.34: A reclaim of $0.28 could trigger accelerated momentum.
  • Memecoin Index: Currently testing $80B, with potential expansion toward $120B.

DOGEUSDT (1D) Chart, Source: TradingView

Dogecoin has respected its bullish structure for weeks, with consecutive higher lows reinforcing buyer control. The value area high has been reclaimed and continues to act as support, allowing price to consolidate just below $0.28 resistance. Historically, the more times a resistance level is tested, the weaker it becomes, and Dogecoin’s repeated interaction with this barrier signals a likely breakout especially when exchange-traded fund approval by the Securities and Exchange Commission continues to loom.

If price manages to reclaim $0.28 on a closing basis, the next upside objective is $0.34, a key high time frame resistance level. From a technical standpoint, the current consolidation under resistance is a constructive sign, indicating that accumulation is underway before a potential breakout.

The volume profile shows sustained bullish inflows. For the rally to materialize, these inflows must continue, particularly as Dogecoin challenges major resistance zones.

MEMCOIN MarketCap, Source: Coinmarketcap

Another crucial metric to monitor is the memecoin market capitalization index, which has now risen to around $80 billion. This level previously acted as resistance in May 2021 and September 2021, both times leading to sharp rejections. However, if the index closes above $80 billion, the probability of acceleration toward $120 billion, last tested in January 2021, increases significantly.

As Dogecoin is considered the flagship memecoin, its price action often reflects broader sector sentiment. Thus, a breakout in the index could serve as confirmation of further upside for DOGE.

What to expect in the coming price action

Dogecoin remains bullish across market structure, volume dynamics, and broader market metrics. A reclaim of $0.28 is the immediate hurdle, with $0.34 the next upside target. With memecoin market capitalization approaching historic breakout levels, the probability of continuation higher remains greater than a breakdown. Until market structure gives way, the bias favors the bulls.



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Decrypt logo
GameFi Guides

Pudgy Penguins’ PENGU Up Double Digits as Predictors Bullish On Upward Momentum

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In brief

  • PENGU has jumped by double digits over the past 24 hours, following its appearance in the earnings report of a publicly traded digital asset exchange.
  • Predictors on Myriad think it’s likely that the meme coin will climb an extra 34% to $0.05, rather than dipping to $0.02.
  • The Pudgy Penguins’ NFT collection has traded mostly flat over the past week and remains significantly down from its all-time high.

PENGU, the Solana meme coin for the Pudgy Penguins NFT collection, has jumped double digits over the past 24 hours to $0.037. Predictors on Myriad, a prediction market developed by Decrypt’s parent company Dastan, are now bullish that it’ll climb an extra 34% to $0.05.

Per CoinGecko data, PENGU is up 12% on the day to $0.0377, having risen by 10.2% over the past week. It is now down 45% from its all-time high of $0.06, set in December 2024. The move has widened expectations on Myriad that PENGU will hit $0.05 a piece rather than dropping to $0.02, with predictors placing a 67% chance on its upward move—up from 57% on Wednesday.



The pump follows PENGU’s featuring in the latest earnings report from Bullish, a publicly traded digital asset exchange. The report highlighted Pudgy Penguins’ Walmart toy sales, the recent launch of the Pudgy Party mobile game, and called it the “mascot of crypto.”

“The Pudgy Penguins profile picture has become a crypto phenomenon and [is] used by Solana, VanEck, Bitwise, Tom Lee, Mike Novogratz, Coinbase, and many other prominent crypto companies and personalities,” the report said.

It’s not all bullish news for Pudgy Penguins, though. Predictors think it’s nearly impossible that a PENGU ETF will be approved before October, placing just an 8.4% chance on the outcome. This is significantly down from 44.7% in late July, when optimism of an ETF being approved peaked. The downturn comes despite expectations that Dogecoin and XRP ETFs will start trading this week.

That said, predictors think it’s fairly even—at a 46.7% chance—that any New York Stock Exchange (NYSE) traded company will add a Pudgy Penguins NFT to its treasury this year.

Meanwhile, per CoinGecko, the Pudgy Penguins Ethereum NFT floor price has remained fairly flat over the past week and is up just 5.1% over the past two weeks, now sitting at 10.49 ETH or $47,900. The collection’s sales and trading volume have increased over the past 24 hours by 145.5% and 152% respectively, however. It is now down 71.2% from its all-time high of 36.33 ETH set in December 2024.

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Crypto Platform Bullish Wins New York BitLicense, Clearing Path for U.S. Expansion
Crypto Trends

Crypto Platform Bullish Wins New York BitLicense, Clearing Path for U.S. Expansion

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Bullish (BLSH), the parent company of CoinDesk, has secured a coveted BitLicense from the New York State Department of Financial Services (NYDFS), a key regulatory approval that will allow the institutional digital asset platform to offer spot trading and custody services to customers in New York, the company said in a press release on Wednesday.

The BitLicense, also known as a Virtual Currency Business Activity License, is considered one of the most rigorous state-level crypto approvals in the U.S.

With it, Bullish’s U.S. entity, Bullish US Operations LLC, can now cater to institutional clients and advanced traders in the country’s financial capital.

“New York is widely recognized as being at the forefront of virtual currency regulation,” said Tom Farley, CEO of Bullish, in the release.

“Receiving our BitLicense and Money Transmission License from the New York Department of Financial Services is a testament to Bullish’s commitment to regulatory compliance and our dedication to building trusted, institutional-grade digital asset infrastructure in key global markets,” he added.

The license win follows the firm's successful initial public offering in August. It marks the second crypto exchange, after Coinbase (COIN), to go public in the U.S.

Bullish is also among several crypto-native companies that have recently gone public under the Trump administration's more digital asset-friendly regulatory approach. Stablecoin issuer Circle (CRCL) and exchange Gemini (GEMI) also recently IPO'd.

Chris Tyrer, president of Bullish Exchange, called the approval “a significant regulatory milestone” and said it strengthens the company’s credibility with institutions. “We believe that clear regulation drives responsible market evolution and institutional engagement,” Tyrer said in the release.

Key catalyst

The milestone adds to Bullish’s growing list of regulatory credentials.

The exchange is now regulated in the U.S., Germany, Hong Kong and Gibraltar, and positions itself as a venue designed for institutional-grade liquidity, combining a central limit order book with automated market making.

The BitLicense clears the path for the crypto platform to expand in the U.S., which Wall Street analysts noted as a key catalyst for the stock.

Investment bank Canaccord said that with Bullish licensed in Europe and Asia, securing a BitLicense would open access to U.S. institutional clients.

Meanwhile, broker Bernstein said that Bullish could compete with rivals such as Coinbase if the platform successfully launches in the U.S. in 2026. “We expect Bullish to capture ~8% market share in U.S. spot institutional crypto volumes by 2027E, while global spot market share remains at ~7%,” Bernstein's analysts wrote.

Investment bank KBW also said near-term U.S. expansion was a catalyst for growth for Bullish, and the firm's differentiated tech stack, competitive fees and deep liquidity positioning it to gain market share.

Read more: Bullish Gets a New $55 Price Target from KBW With U.S. Entry Seen as Key Catalyst



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Bitcoin
NFT Gaming

Bitcoin Treasury Grows As Capital B Makes Strategic Acquisition: Bullish Market Outlook Still Lingers

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With Bitcoin’s price above the $115,000 level and gradually moving towards its all-time high, it appears that accumulation among retail and institutional investors is still heavily ongoing. An area where this notable accumulation is widely present is the BTC treasury strategy, which many big companies are significantly adopting.

Large Institutions Still Doubling Down On Bitcoin

As the current bull market cycle progresses, Bitcoin, the crypto king, remains the top digital asset among prominent figures and institutions in the ever-dynamic financial sector. This trend, which initially began on a small scale, has gone worldwide.

In the midst of this growing recognition, a Bitcoin treasury strategy has gained mainstream attention and adoption. Since the first move toward owning a BTC treasury reserve, initiated by Michael Saylor’s Strategy, many large firms around the world have followed suit.

A recent report shows that Capital B, a Europe-based private equity and investment advisory firm, has taken a decisive step into the crypto space with its BTC treasury. The firm, recognized as the first BTC treasury company in Europe, recently announced a strategic BTC purchase aimed at bolstering its growing crypto reserve.

This robust adoption of the initiative since its introduction signals heightened institutional conviction in the flagship asset’s long-term value and potential. It also underscores the expanding pattern of organizations aggressively increasing their BTC reserves as a long-term tactic to maintain value and fortify balance sheets.

In the announcement shared by Alexandre Laizet, the board director of BTC treasury at Capital B, it was revealed that the company has made a strategic purchase of 48 BTC. According to the director, the 48 BTC valued at approximately €4.7 million were purchased at €98,575 per coin. 

With this fresh buy, Capital B has strengthened its position as one of the companies that is reaffirming its belief that BTC is a vital component of modern financial stability.  Following the crucial move, the company has experienced a substantial yield of 1,536.6% Year-to-Date (YTD), and a 19.4% Quarter-to-Date (QTD). As of September 15, 2025, Capital B’s holdings boast 2,249 BTC worth a whopping €206.3 million, which was purchased at €91,718 per coin. 

Capital B’s Sats Per Share Exponential Growth

It is worth noting that Capital B has experienced its sats per share climb sharply amid its Bitcoin acquisition. Over the past 10 months, the firm’s sats per share moved from 17 to 671, reflecting a spike in investor returns tied directly to BTC’s price action.

This increase demonstrates the company’s rising exposure to BTC, underscoring the potential for institutional adoption to transform conventional metrics of equity growth. Furthermore, it indicates the growing effectiveness of its treasury strategy in generating value for shareholders. 

Capital B’s massive growth in sats per share | Source: Chart from Roxom on X

According to Alexandre Laizet, Capital B’s focus since November 2024 is highly directed at BTC Yield Maximization. In addition to yield maximization, the company’s move is accompanied by its long-term vision of creating the first and largest BTC treasury company in Europe. Such an achievement will allow Capital B to lead as a cornerstone of Digital Capital Markets.

BTC trading at $115,882 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Solana’s Alpenglow upgrade vote passes with 98% approval
Crypto Trends

Solana price sees bullish momentum as institutional inflows and DeFi growth accelerate

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Solana recently broke through the $240 resistance level, with institutional investors driving momentum.

Summary

  • Solana is seeing strong momentum, with recent multi-month highs
  • Pantera Capital and Helius are accumulating significant SOL positions
  • DeFi market activity continues to grow, especially for memecoins

Solana has seen renewed momentum, pushing through major resistance levels and drawing attention from institutional buyers. On Tuesday, September 16, SOL traded at $234.85, having corrected from the eight-month high of $249.12 it reached two days earlier.

Despite the correction, Solana’s (SOL) institutional momentum continued. On September 15, Helius Medical Technology unveiled a $500 million treasury strategy, financed through a private equity offering. Notably, the move sent its shares up 140%.

Moreover, on September 16, Dan Morehead, the founder of Pantera Capital, revealed that the investment firm allocated as much as $1.1 billion to SOL. He explained that Solana is the firm’s biggest bet, viewing it as the most promising among blockchain networks.

Solana memecoins see a major rally

At the same time, Solana is seeing a significant uptick in DeFi activity, largely due to memecoins. Solana-based Pump.fun once again broke $1 billion in daily volume, which coincided with a broader rally in the memecoin market.

For instance, Pudgy Penguins (PENGU), currently the largest Solana memecoins, were up 4.0% on September 16. The memecoin reached $0.03381 per coin and a market cap of $2.1 billion. At the same time, Bonk (BONK) was up 3.9%.

With markets expecting Federal Reserve rate cuts to be imminent, risk assets are among the biggest beneficiaries. This applies both to Solana and to memecoins. At the same time, with Bitcoin near its all-time highs, traders are increasingly cycling into altcoins to chase bigger gains.

For Solana, this creates a boon on two levels, both directly through its price and indirectly by boosting its DeFi activity and total value locked.



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Ripple XRP ETF
GameFi Guides

Analyst Warns That XRP Investors Are Still Not Bullish Enough, Here’s The Reason

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Well-known market watcher Egrag Crypto is sounding the alarm that XRP investors are still not bullish enough. In his view, too many holders are ignoring what the charts are showing, even though long-term signals suggest a decisive move could be on the horizon. He says that the real profits in this market will come from patience and belief rather than quick trades. 

The analyst argues that those who remain strong will be in the best position when the asset takes off. Writing on X, he urged the XRP community to adopt a bigger vision of what may lie ahead.

Historical Patterns Point To A Potentially “Historic” XRP Move

Egrag Crypto explains that the XRP two-month chart is flashing a rare setup. He notes that five strong body candles have formed at new all-time highs, something he calls unprecedented in structure. According to him, the parabolic curve building on the chart suggests that what lies ahead for the digital asset could be “truly historic.”

Source: X

He argues that if XRP falls below $2.00, it could mirror Bitcoin’s era when it traded at $200, a price that later made those early buyers legendary in the crypto world. For him, those who buy the token at the $2 level will also be seen as “OGs” in the future.

While many in the community focus on short-term moves, the analyst’s strategy is to buy low and sell high over time. He says it is fine for investors to trade a small portion of their holdings, maybe 10% to 20%, but most of the stack should be kept by investors for the long run. 

Egrag recalls the years when XRP traded below $1, and he kept urging people to buy, even when he got mocked for it. Looking back, he says conviction during those times is what makes real winners.

Technical Signals Suggest XRP Must Clear $3.70 To Trigger Rally

Looking at the charts now, Egrag points to one key price target. He says XRP needs to close above $3.70 with a strong two-month candle to confirm what he calls a “space mission moment.” According to him, this breakout would open the way for much bigger moves. While he supports cautious short-term trading, his main advice is to stay focused on the larger trend and be prepared for the next leg higher.

At the same time, Egrag warns that trading is not easy. He says the market is a competition where only the strongest and most determined survive. For him, the right mindset is just as crucial as the charts. He closes his message with encouragement, saying that the rise may come soon, and those XRP investors who hold firm may reap the rewards.

Price moves below $3 again | Source: XRPUSDT on TradingView.com

Featured image from DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bullish patterns in Trump Coin face whale-sized risks
NFT Gaming

Bullish patterns in Trump Coin face whale-sized risks

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Trump Coin faces serious headwinds that could limit its upside in the near term. Here’s the breakdown.

Summary

  • Trump meme coin price has formed numerous bullish chart patterns. 
  • The risk is that whale investors continue to dump their tokens.
  • Another risk is that the supply of TRUMP on exchanges is rising. 

Trump Coin bulls beware

The Official Trump (TRUMP) meme coin price has remained in a tight range in the past few months. On the positive side, it has formed a double-bottom pattern at $8 and a neckline at $11.90. This pattern often leads to a strong bullish breakout as it signals that bears are afraid of shorting it below that price.

Trump Coin price has also formed a falling wedge pattern whose two lines are about to converge. This pattern typically leads to more gains over time. Most importantly, the Relative Strength Index and the MACD indicators have formed a bullish divergence pattern.

Therefore, technicals suggest that the Trump meme coin will rebound in the near term. If this happens, the next important level to watch will be the double-bottom neckline at $11.90. 

Trump Coin price chart | Source: crypto.news

Whale dumping could spoil the momentum

The strong technicals, however, may not be enough to boost the Trump Coin price amid weak fundamentals. First, Nansen data shows that whale investors have been selling the tokens in the past few months. These investors now hold 4.96 million coins, down from the August high of 5.87 million. 

Second, the number of Trump coins on exchanges has continued to rise in the past few months. There are now 128.4 million coins in exchanges, mostly in Binance, Robinhood, and OKX. The supply has increased from the June low of 118 million. Soaring exchange outflows is risky because it sends a signal that many investors are selling their tokens. 

The other risk is that there is an increased supply of the token, with most of them going to the Trump family. There are 199 million TRUMP tokens in circulation, meaning that 800 million more will be unlocked in the next few years. Token unlocks often lead to lower prices by increasing the supply.

How Trump Coin became a thing

The Official Trump meme coin was launched on Jan. 17, just days before Donald Trump’s inauguration as the 47th U.S. president. The coin debuted on the Solana blockchain, with 200 million tokens released to the public in an initial coin offering (ICO) and the remaining 800 million held by Trump-affiliated entities, CIC Digital LLC and Fight Fight Fight LLC.

This strategic timing leveraged the heightened media attention surrounding the inauguration, contributing to the coin’s rapid rise in value.

Since then, Trump’s meme coin has generated substantial profits, combining trading fees and the value of his personal holdings. Estimates from financial outlets such as the Financial Times and the New Yorker put his gains at around $350 million in March, rising to $385 million by August.

Overall, the Trump family has gained an estimated $5 billion from their holdings in a separate crypto venture called World Liberty Financial. The firm’s WLFI token began trading on Sept. 1. The family’s stake is sizable—but subject to the usual cryptocurrency volatility.

What critics say

Trump’s critics claim that the family’s WLFI venture and its Trump Coin venture operate like “pay-to-play” schemes. Key concerns include:

  • Pay-for-access dinner: In May, Trump hosted a Virginia golf club dinner for top $TRUMP investors, offering personal access in exchange for investment.
  • Foreign investment and policy influence: In May, an Abu Dhabi-backed fund used the WLFI stablecoin to invest $2 billion in Binance, while the Trump administration maintained a hands-off stance on crypto regulation, raising conflict-of-interest concerns.
  • Favored treatment for major investors: Regulators reportedly paused a fraud investigation into TRUMP investor Justin Sun shortly after his significant investments in Trump’s crypto ventures.



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