$TRUMP – Actions of Smart Money (SM) and Smart Dex Traders (SDTs) before the election-web3.0-php.cn

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$TRUMP – Actions of Smart Money (SM) and Smart Dex Traders (SDTs) before the election

Susan Sarandon

Nov 01, 2024 am 09:36 AM

electionSmart Money $TRUMP Whale Traders

Ahead of the upcoming U.S. election, notable smart money (SM) investors and smart decentralized exchange traders (SDTs) have been heavily investing

$TRUMP – Actions of Smart Money (SM) and Smart Dex Traders (SDTs) before the election

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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