Pepe (PEPE) vs Official Trump (TRUMP), Whales have completed their escape...Smart money is storm buying

▲ Pepe (PEPE), Official Trump (TRUMP)/AI Generated Image

The memecoin market saw a slight decline over the past week. Simultaneously, contrasting movements of whales and smart money have recently been observed in Pepe (PEPE) and Official Trump (TRUMP).

According to BeInCrypto, a cryptocurrency media outlet, on June 15 (local time), Pepe rose by approximately 5.2% over the week, with a daily increase of 2.8%. However, profit-taking movements also emerged alongside the price increase.

The holdings of Pepe in large wallets, excluding exchanges, surged from approximately 181 trillion PEPE to 183.6 trillion PEPE on June 14. The value of this increase is about $7.5 million. Subsequently, whale holdings decreased again to around 183 trillion PEPE. This indicates a pattern where whales realized profits in the rising phase after large-scale accumulation.

Pepe rebounded by about 17% from its low of around $0.00000252 recorded on June 6. However, trading volume has continued to decline since June 12. A bearish divergence has formed, with price increases occurring simultaneously with decreasing trading volume. If it breaks above $0.000003, it could rise to $0.00000331. Failure to break this resistance could lead to whale selling limiting the rebound.

Official Trump fell from its March high of $4.5 to around $1.99. The recent rebound was also capped around $2.38. However, in the Hyperliquid perpetual futures market, smart money showed a long position advantage of approximately 3 to 1. Top-performing investors injected an additional $158,000 over the week.

In contrast, whales reduced their holdings by approximately $393,000 over the week. One large holder sold 417,000 TRUMP. Exchange inflows also recorded $457,000. This suggests that smart money was buying at a low price, while whales were selling. If Official Trump recovers $2.2, the next targets are $2.64 and $2.99. The long-term downtrend will end only if it breaks above $3.35. If selling pressure intensifies, it could fall to $1.49.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*