What Crypto Whales Are Buying and Selling Ahead of the March FOMC Meeting

Crypto markets head into the March FOMC meeting with a near-certain rate hold expected, but all eyes are on the Fed’s updated economic projections.

With oil prices near $100 and rate cut expectations fading, the macro backdrop remains tense. Yet on-chain data shows crypto whales are already making decisive moves.

BeInCrypto analysts have identified three tokens seeing sharp accumulation or heavy selling ahead of the decision.

Official Trump (TRUMP)

Among the tokens drawing attention from crypto whales ahead of the March FOMC meeting, Official Trump (TRUMP) has seen a sharp spike in large-holder activity over the past 24 hours.

On-chain data shows that TRUMP whale wallets increased their holdings by 3.08%, bringing the total whale balance to 4.03 million tokens. That translates to roughly 120,000 TRUMP tokens added in a single day, worth approximately $449,000 at the current price.

Holders And Whales: Nansen

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Several on-chain analytics platforms have also flagged new surges, with exchange-held TRUMP balances declining simultaneously, a sign that large holders are pulling tokens into private wallets.

The timing aligns with two converging catalysts. First, the FOMC rate decision lands on March 18, with markets pricing in a near-certain hold. President Trump has publicly expressed this desire for an immediate rate cut, keeping sentiment around the token elevated. Second, a newly announced Mar-a-Lago gala luncheon for the top 297 TRUMP holders on April 25 has created a direct incentive for whales to accumulate and hold.

On the daily chart, TRUMP has been trading inside a falling channel since mid-January. The price attempted to break above the upper trendline on March 13 and 14 but faced rejection. With fresh whale support now entering, another breakout attempt could follow.

For that to confirm, TRUMP needs to push above $4.24 and then $4.61. A convincing move past the channel resistance could target $5.12 and $5.78.

TRUMP Price Analysis: TradingView

The full measured breakout from the falling channel projects a potential 74% rally toward $7.39, a level whales may be positioning for ahead of the April gala. However, failure to hold above $3.43 would keep the bearish structure intact and delay any recovery.

Zcash (ZEC)

Zcash is another token seeing aggressive accumulation from crypto whales ahead of the March FOMC meeting, with both whale and mega-whale cohorts loading up over the past 24 hours.

On-chain data for ZEC on Solana shows whale wallets increased holdings by 12.43%, pushing their total balance to 10,026 ZEC. That implies roughly 1,109 ZEC added in a single day. Meanwhile, the top 100 addresses added nearly 8% to their stash, bringing mega-whale holdings to 47,087 ZEC, an increase of roughly 3,488 ZEC. Combined, large holders accumulated approximately 4,597 ZEC worth around $1.23 million at the current price.

Privacy Coin Holders: Nansen

The accumulation coincides with a broader spike in interest around privacy-focused assets. Rising cybersecurity concerns, Foundry Digital’s announcement of an institutional-grade ZEC mining pool launching in April, and a $25 million seed round raised by the Zcash Open Development Lab have all contributed to renewed attention on ZEC ahead of the Fed’s rate decision and updated economic projections.

The chart structure supports the bullish case. On the daily chart, ZEC broke out of an inverse head-and-shoulders pattern with a downward-sloping neckline. Since a declining neckline reflects sustained bearish control, the breakout carries added weight, as buyers overcame a structure that was tilted against them.

The breakout projects a roughly 95% measured move, targeting the $431 region near the 1.618 Fibonacci extension.

Zcash Price Analysis: TradingView

For that to play out, ZEC must first reclaim $282, the 0.618 Fibonacci level, which is currently acting as resistance. A move past $339 would strengthen the case toward $431. However, failure to hold above $265 could drag the price back toward $226. A drop below $191 would weaken the pattern entirely.

Pepe (PEPE)

While crypto whales are accumulating TRUMP and ZEC ahead of the March FOMC meeting, Pepe (PEPE) tells a different story. Large holders have been actively reducing exposure, with the sharpest selling arriving just before the Fed’s rate decision.

Santiment data shows whale-held supply (excluding exchanges) dropped from 179.49 trillion PEPE on March 16 to 176.72 trillion PEPE, a reduction of roughly 2.77 trillion tokens. At the current price of $0.00000381, that represents approximately $10.55 million in whale selling over the past 24 hours. The distribution began around March 13 but steepened sharply on March 16, right ahead of the FOMC.

Whales Selling: Santiment

What makes this notable is the timing. PEPE is up roughly 16% this week, yet whales are selling into the rally rather than riding it. The year-to-date performance remains negative at -5.2%, and a fresh technical signal may explain the caution.

On the daily chart, a hidden bearish divergence has formed between December 9 and March 16. Price printed a lower high while the Relative Strength Index (RSI), a momentum indicator, printed a higher high, a pattern that typically signals continuation of the existing downtrend. For a memecoin with no fundamental catalyst to offset macro risk, this gives large holders a clear reason to de-risk before the Fed’s updated projections land.

PEPE Price Analysis: TradingView

For PEPE to invalidate the bearish signal, it needs a decisive push above $0.0000041, which could open the path toward $0.0000050. However, a drop below $0.0000036 would confirm the divergence and expose $0.0000029 and lower.