Looking at the meme coin situation, I see a not very cheerful picture. The sector has lost significant volumes — market capitalization has dropped from $83 billion to $31 billion, trading volumes from $17 billion to $3 billion. Political tokens have been hit especially hard. The official Trump coin has fallen nearly 90% from its peak, with a current market cap of about $667 million and a daily volume of $3.4 million.

But here’s what’s interesting — despite such a collapse, whales are not giving up. I’ve noticed that large players are actively buying up the official Trump coin. In recent days, two whales have invested approximately $5.6 million — one bought 850,000 tokens, the other increased their position to 1.13 million. Spot outflow has been negative for three days straight, minus $1.49 million, indicating that holders are withdrawing tokens from exchanges rather than selling them.

The problem is that this whale accumulation runs counter to the overall market weakness. Retail investors are not buying, while futures traders are pushing prices down. Over the past week, derivatives have seen a net outflow of $547 million versus an inflow of $504 million, with a net flow decrease of 64%. Over the month, total outflows exceeded $4.68 billion. The momentum index is negative — minus 0.039, clearly indicating sellers are in control.

If this trend doesn’t break, the official Trump coin could break through $2.7 and look for support at $2.5. But if retail investor demand returns, the price could rise to $3 and even $4. For now, it’s a game between whales and futures traders, while regular investors stay on the sidelines.