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TRUMP price eyes $3.34 as whales accumulate ahead of Mar-a-Lago event

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TRUMP eyes $3.34 as whales accumulate ahead of Mar-a-Lago event
TRUMP eyes $3.34 as whales accumulate ahead of Mar-a-Lago event
  • TRUMP price holds $2.78 support after a technical double-bottom bounce.
  • Whale accumulation grows ahead of April 25 Mar-a-Lago event.
  • The memecoin’s price may target $3.34 if support holds.

The Official Trump (TRUMP) token is beginning to show signs of life after weeks of sustained pressure, with price action stabilising just above a critical support level.

While the broader trend remains weak, recent movements suggest that large investors are quietly positioning themselves ahead of a highly anticipated event later this month.

At the time of writing, TRUMP was trading around $2.81, posting a modest daily gain and slightly outperforming Bitcoin (BTC), which has remained relatively flat.

Technical support sparks a cautious price rebound

The recent bounce can largely be traced to a well-defined support zone around $2.78, forming a double-bottom pattern and giving traders a clear reference point for short-term positioning.

Notably, after testing the support area, the price held firm and began to edge higher, suggesting that buyers are stepping in at this range.

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This kind of reaction is typically driven by market structure rather than new fundamental developments.

Repeated tests of a support are often viewed as a confirmation that a floor has been established and, in this case, $2.78 has become the immediate floor price.

As long as TRUMP holds above this support, the structure remains intact.

A sustained move below it, however, would weaken the setup and likely open the door to lower levels near $2.44.

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Whale accumulation builds quiet pressure

Alongside the technical setup, steady accumulation by large holders is helping to support the market.

In recent days, several high-value wallets have been increasing their exposure to TRUMP, often moving tokens off exchanges into private storage.

This behaviour is typically associated with longer-term positioning, as it reduces immediate selling pressure and signals intent to hold.

Notably, this accumulation coincides with an upcoming event scheduled for April 25 at Mar-a-Lago for large TRUMP token holders.

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The Mar-a-Lago event has created a unique layer of demand, which, while it may not be sustainable over the long term, can still provide a meaningful boost for the token’s price in the short term.

TRUMP price outlook: A narrow path toward $3.34

With support holding and whale demand building, attention is now shifting to the next key level on the chart, which is $3.34.

However, a move toward $3.34 would require continued stability above $2.78, along with enough buying pressure to push through minor barriers along the way.

And at the moment, the setup suggests a market that is range-bound but leaning slightly upward, and eyes are on whether momentum can build.

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It is also worth noting that the token remains deep in a broader downtrend, having lost a significant portion of its value over the past year, meaning any upside move is likely to be viewed with caution until stronger confirmation appears.

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Crypto World

Allbirds rides the AI compute wave

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Allbirds rides the AI compute wave

Allbirds (BIRD) surged as much as 400% after saying it will pivot from making sneakers into AI computation services, underscoring one of the market’s dominant themes: the race to secure scarce AI infrastructure.

The company said it agreed to sell its footwear brand to American Exchange Group (AXNY) and reinvent itself as NewBird AI, backed by a $50 million convertible financing facility to acquire processing units and build AI infrastructure.

The loan is roughly double the company’s $22 million pre-announcement market cap.

Demand for computing power to support AI is surging, while supply remains constrained. The scarcity has already prompted bitcoin miners such as Bitfarms, now renamed Keel (KEEL), and MARA Holdings (MARA) to reduce or abandon their crypto aspirations and switch their computing resources into supporting the AI industry.

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Now, echoing the headlong rush into blockchain technology that engulfed companies such as Long Island Iced Tea Corp. in 2017, it seems even small-cap companies are attempting to position themselves to capture the AI opportunity.

Allbirds’ pivot comes after a steep decline in its core business, with the stock down roughly 99% from its peak. The shares, which closed $2.49 on Tuesday, surged to as high as $12.72 and were recently trading around $11.

Convertible financing means the investor initially provides capital to the company as debt, and can later convert it into equity, often at a discount, which can lead to significant dilution for existing shareholders.

UPDATE (April 15, 14:34 UTC): Updates share price move, adds bitcoin miners in fourth paragraph, Long Island Iced Tea in fifth.

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OKX Launches Regulated Crypto Derivatives in Europe

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OKX Launches Regulated Crypto Derivatives in Europe

OKX said Wednesday it is rolling out a Europe-specific crypto derivatives product called X-Perps, extending its regulated offering across the European Economic Area (EEA) through its Malta-based MiFID business.

The company said the new derivatives product is available to retail and institutional traders across all 30 EEA countries.

OKX said the platform is purpose-built in compliance with the Markets in Financial Instruments Directive (MiFID), a European Union regulatory framework governing financial instruments such as securities and derivatives.

The launch follows OKX’s March 2025 announcement that it had acquired a MiFID-licensed entity in Malta, which allowed the exchange to expand its derivatives trading across the EEA.

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Platform features multi-asset collateral and up to 10x leverage

OKX said X-Perps offers five-year expiry crypto derivatives with up to 10x leverage and supports multi-asset collateral, including euros, US dollars and crypto assets.

At launch, the platform offers pairs for numerous crypto assets, including major coins such as Bitcoin (BTC), Ether (ETH) and XRP (XRP), as well as memecoins such as Dogecoin (DOGE) and Pepe (PEPE).

“OKX will be rolling out more pairs and exploring high-demand products for retail and institutional traders as it builds out its fully featured, regulated European derivatives platform,” the company said in an announcement shared with Cointelegraph.

A structurally different product designed for Europe

OKX’s launch of X-Perps comes as the exchange has emerged as a major player in derivatives trading.

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According to CoinGlass, OKX ranked as the second-largest exchange in crypto derivatives in the first quarter of 2026, after Binance, with a cumulative quarterly trading volume of $2.19 trillion, versus Binance’s $4.9 trillion.

The three largest crypto derivatives platforms by cumulative volumes in Q1 2026. Source: CoinGlass

X-Perps is specifically structured to comply with MiFID requirements and will differ from products offered under other regulatory frameworks.

Related: Onchain perp DEX volumes fall for five straight months after October peak

OKX Europe CEO Erald Ghoos told Cointelegraph at Paris Blockchain Week that perpetual derivatives “cannot exist” under MiFID II because they would otherwise be classified as contracts for difference (CFDs). He said the exchange instead structured the product as a five-year expiry futures contract to ensure compliance with regional regulatory requirements.

He also said in a post on X that as much as 95% of crypto derivatives trading volume still occurs offshore.

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Cryptocurrencies, Europe, Derivatives, Leverage, OKX, Policy, Paris Blockchain Week
Source: Erald Ghoos

“I do believe that a lot of users will transition from offshore back to a fully regulated onshore environment,” Ghoos said, adding: “With X-Perps, we are bridging that gap under a fully regulated exchange where we offer great liquidity.”

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026