A high-profile crypto investor, who previously suffered a massive $24.5 million loss on the Official Trump (TRUMP) token, has made another high-risk move by reinvesting $4 million into the asset.
According to on-chain data from Onchain Lens, the investor purchased 297,874 TRUMP tokens at an average price of $13.49 just hours ago.
The decision comes amid ongoing volatility in the TRUMP token’s price, which has seen significant declines over the past week.
The move has sparked widespread discussion within the crypto community, with many questioning whether the investor is making a strategic recovery attempt or engaging in another risky gamble.
Whale Sells 50,000 TRUMP for Solana, Retains $3.28 Million in Holdings
Shortly after the $4 million purchase, the investor offloaded 50,000 TRUMP tokens, converting them into 4,796 Solana (SOL). This suggests a possible attempt to secure quick profits or mitigate exposure to further losses.
Despite this partial sell-off, the investor still holds 247,874 TRUMP tokens, valued at approximately $3.28 million.
The rapid trading activity highlights the influence of major players, or “whales,” in the crypto space, as their trades can significantly impact market trends.
Traders and analysts are closely watching whether the whale will continue holding onto the remaining TRUMP tokens or make further adjustments in response to market movements.
Also Read: Robinhood CEO Praises Trump Administration’s Crypto Policies After SEC Drops Investigation
TRUMP Token Sees Modest Price Increase Amid Heavy Trading
Despite the whale’s large transaction, the price of TRUMP has only seen a slight 1.15% increase in the last 24 hours, now trading at $13.29.
However, the token remains down 21.21% over the past week, indicating persistent volatility. TRUMP’s 24-hour trading volume has surged past $1.1 billion, reflecting strong market activity and liquidity.
With a circulating supply of 200 million tokens, the project maintains a substantial market capitalization of approximately $2.65 billion.
While the whale’s investment may have temporarily stabilized TRUMP’s price, the token’s long-term trajectory will be determined by broader market sentiment and investor confidence.
Speculation Surrounds Whale’s Strategy as Market Watches Closely
The whale’s decision to reinvest in TRUMP despite significant past losses has fueled speculation among traders and analysts.
Some believe the investor is attempting to recoup losses by leveraging short-term price swings, while others see it as a sign of confidence in TRUMP’s potential recovery.
Meanwhile, other major traders are making bold moves in the TRUMP market. One investor recently offloaded $7.53 million in TRUMP holdings after securing $6.03 million in profits.
In same stead, another suffered a $24.4 million loss by selling 763,582 TRUMP tokens at a steep discount.
These developments underscore the high-risk, high-reward nature of the memecoin market, where fortunes can change rapidly.
The coming days will be crucial in determining whether this whale’s reinvestment pays off or results in another costly setback.
Also Read: Trump’s Family Makes $100M From $TRUMP Trading Fees While 810K Wallet Holders Lose $2B Combined