$TRUMP – Actions of Smart Money (SM) and Smart Dex Traders (SDTs) before the election
Ahead of the upcoming U.S. election, notable smart money (SM) investors and smart decentralized exchange traders (SDTs) have been heavily investing
Smart money (SM) and smart decentralized exchange traders (SDTs) are making large purchases of the $TRUMP token ahead of the upcoming U.S. election.
Data shows that both SM and SDTs have been accumulating $TRUMP since October 19, with significant purchasing spikes on October 19 and 22.
During this period, SDTs led with $TRUMP purchases totaling 315,300 tokens, valued at around $1.3 million, while SM acquired 56,700 tokens, worth approximately $197,000.
The increased accumulation of $TRUMP tokens coincides with a rise in the odds of Trump winning the election, now estimated at 67%—34% higher than his closest rival, Harris. This growing confidence is mirrored in the actions of high-stakes traders making sizable bets on a Trump victory.
The chance of #Trump winning the US election has risen to 67%, 34% higher than #Harris.
Whale"GCottrell93" withdrew another 1M $USDC from #OKX to bet on #Trump winning the US election.
GCottrell93 has spent $8.8M betting on #Trump winning the US election in the past 7 days.… pic.twitter.com/UJVP6k4o2o
— Lookonchain (@lookonchain) October 30, 2024
More Whales Make Strategic Moves Towards Investing More Into $TRUMP
One such whale, known as “GCottrell93,” recently withdrew another 1 million USDC from OKX to invest further in Trump’s election odds. This trader has wagered an impressive $8.8 million on Trump winning over the past week alone.
Another prominent whale, “BetTom42,” has been equally active. Today, BetTom42 withdrew 2.4 million USDC from Kraken to continue betting on a Trump win. Over the past three days, this whale has spent a total of $3.4 million on similar bets.
Whale"BetTom42" withdrew another 2.4M $USDC from #Kraken today to bet on #Trump winning the US election.
This whale has spent 3.4M $USDC betting on #Trump winning the US election in the past 3 days.https://t.co/4ownXPfV2D pic.twitter.com/ECvK0V76hG
— Lookonchain (@lookonchain) October 31, 2024
These significant outflows from major exchanges highlight the scale of capital being directed towards the $TRUMP token and related election bets. With high-profile traders and large wallet groups accumulating $TRUMP, the token’s value and trading interest could see continued momentum as election day approaches. The activity of smart investors and whales reflects both a calculated investment strategy and growing confidence in the potential outcome of the election.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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