What are crypto whales buying and selling ahead of the March 2026 FOMC meeting?

The crypto market is looking ahead to the March FOMC meeting, where it's almost certain the Fed will keep interest rates unchanged, but all eyes are on the Fed's latest economic forecast.

With oil prices nearing $100 and expectations of interest rate cuts fading, the macroeconomic landscape remains quite tense. However, on-chain data suggests that crypto whales have begun making decisive moves.

Experts have identified three Token that are being heavily bought or Dump off ahead of the Fed's decision.

Official Trump (TRUMP)

One of the Token attracting attention from crypto whales ahead of this March FOMC meeting, Official Trump (TRUMP), has just recorded a large volume of transactions from large wallets in the last 24 hours.

on-chain data shows that whales' TRUMP wallets have increased by 3.08% compared to before, bringing the total holdings to 4.03 million Token. This is equivalent to approximately 120,000 TRUMP Token being accumulated in just one day, worth about $449,000 at current prices.

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Many on-chain analytics platforms also detected a sharp drop in TRUMP balances on exchanges simultaneously, indicating that whales are withdrawing Token to their personal wallets.

This timing coincides with two important factors. First, the FOMC interest rate decision is scheduled for March 18, 2024, with a high probability that the Fed will keep interest rates unchanged. President Trump has also publicly expressed his desire to cut interest rates immediately, further boosting positive sentiment for this Token . Second, a gala luncheon at Mar-a-Lago for the 297 largest holders of TRUMP tokens will take place on April 25, 2024, providing a clear incentive for whales to buy and hold TRUMP Token.

On the daily chart, TRUMP is still trading within a descending channel that has lasted since mid-January. The price has twice attempted to break above the upper trendline on March 13th and 14th, 2024, but was rejected both times. Now, with new money flowing in from large investors, there is a possibility that the price will try to break out of this descending channel again.

To confirm an uptrend, TRUMP needs to break above $4.24, followed by $4.61. A convincing breakout from this resistance zone could lead to targets of $5.12 and $5.78.

If it successfully breaks out of the descending channel, TRUMP could surge by as much as 74% and head towards the $7.39 region – where whales may be waiting ahead of the April gala event. However, if it fails to hold above $3.43, the bearish pattern remains unbroken and the recovery will be delayed.

Zcash (ZEC)

Zcash is also a Token that is being actively accumulated by whales ahead of the March FOMC meeting, with both medium and very large whales significantly increasing their holdings over the past 24 hours.

on-chain ZEC data on Solana shows that whale wallets increased their holdings by 12.43%, bringing the total to 10,026 ZEC. This represents approximately 1,109 ZEC accumulated in a single day. Meanwhile, the top 100 addresses increased their ZEC holdings by nearly 8%, bringing the total to 47,087 ZEC, an increase of approximately 3,488 ZEC. Overall, large wallets accumulated around 4,597 ZEC , worth nearly $1.23 million at current prices.

This accumulation of ZEC also coincided with a surge in interest in privacy-focused assets. Increased cybersecurity concerns, as well as Foundry Digital's announcement in April of a ZEC mining pool for institutions, and a $25 million Capital round for the Zcash Open Development Lab, helped ZEC regain attention ahead of the Fed's interest rate decision and economic forecast update.

The chart structure also supports an upward trend. On the daily timeframe, ZEC successfully broke out of an inverse Vai-and- Vai pattern with a downward-sloping neckline. This breakout of the descending neckline is XEM a significant sign as buyers have overcome the prolonged selling pressure.

The breakout target could push ZEC up nearly 95%, towards the $431 region near the 1.618 Fibonacci extension level.

For a positive scenario to unfold, ZEC first needs to break above $282, which is the 0.618 Fibonacci level and currently a strong resistance zone. If the price can rise above $339, the possibility of ZEC heading towards the $431 region will be strengthened. However, if it fails to hold above $265, the price could return to the $226 region. A drop below $191 would completely break this bullish pattern.

PEPE (PEPE)

While cryptocurrency whales are accumulating TRUMP and ZEC ahead of the March 2026 FOMC meeting, PEPE (PEPE) is experiencing the opposite trend. These large investors are actively reducing their PEPE holdings, especially before the Fed's interest rate decision.

Data from Santiment shows that the amount of PEPE held by whales (excluding those on exchanges) decreased from 179.49 trillion PEPE on March 16th to 176.72 trillion PEPE, a drop of approximately 2.77 trillion Token. At the current price of $0.00000381, this sell-off is worth approximately $10.55 million in just the last 24 hours. This distribution activity began around March 13th but intensified on March 16th, just before the FOMC meeting.

The noteworthy point is that PEPE has risen by approximately 16% over the past week, but whales are taking profits instead of holding on. Year-to-date performance remains negative at -5.2%. A new technical indicator also partly explains this cautious approach.

On the daily chart, a hidden bearish divergence appeared from December 9th to March 16th. While the price recorded lower highs, the RSI indicator reached new higher highs – a pattern that often signals a continuation of the downtrend. With a memecoin lacking fundamental support against macroeconomic risks, this is a clear reason for large investors to reduce risk before the Fed releases new forecasts.

For PEPE to negate this bearish signal, the price needs to break clearly above $0.0000041 to open up the opportunity to reach $0.0000050. Conversely, if it falls below $0.0000036, this divergence pattern is confirmed and PEPE could retreat to $0.0000029 or even lower.