ambcrypto.com
13 April 2026 21:00, UTC
Memecoins faced heavy losses as broader market weakness persisted. The sector’s market cap dropped from $83 billion in 2025 to $31 billion. Trading Volume also declined from $17 billion to $3 billion.
Amid the memecoin sell-off, celebrity-themed tokens, especially political ones, lost over 90% of their value. Official Trump [$TRUMP] traded 90.4% below its all-time high at press time, reflecting sustained downside pressure.
Even so, whales continued accumulating $TRUMP despite the ongoing decline.
Even so, large holders continued accumulating $TRUMP. Lookonchain reported two whales buying ahead of Trump’s luncheon.
One whale purchased 850,488 $TRUMP worth $2.4 million. Another increase in holdings to 1.13 million $TRUMP, valued at $3.2 million.
This accumulation aligned with rising spot demand. Spot Netflow remained negative for three consecutive days.
At press time, Netflow stood at -$1.49 million, indicating strong exchange outflows. This suggested buyers withdrew tokens rather than selling.
Such setups often support price stability when demand persists.
However, whale accumulation has remained one-sided. Retail demand stayed weak, while futures traders continued aggressive selling.
In fact, $TRUMP’s derivatives market recorded sustained outflows through 2026. Over the past seven days, $547.9 million exited futures, against $504 million in inflows.
As a result, Futures Netflow dropped 64% to -$33.8 million. Over 30 days, total outflows exceeded $4.68 billion.
This imbalance showed derivatives selling outweighed recent whale demand, keeping downside pressure elevated.
On top of that, the Momentum (MOM) indicator remained negative. It stood at -0.039 at press time, signaling seller dominance.
If the trend held, the memecoin could drop below $2.7 and test $2.5 support in the short term.
However, sustained whale accumulation could shift sentiment. If demand improved, the price might reclaim $3 and target $4.
