Crypto Investor Invests $1.82M In $TRUMP Following Upbit Exchange Listing, After Earning $2M Profit

A crypto whale reinvests $1.82M in $TRUMP after securing $2M in profits, signaling strong confidence in its growth. Upbit’s listing of $TRUMP has driven fresh market interest, boosting trading volume and investor participation.

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Pardon Joshua
Pardon Joshua
Pardon Joshua is a seasoned crypto journalist with three years of experience in the rapidly evolving blockchain and digital currency space. His insightful articles have graced the pages of reputable publications such as CoinGape, BitcoinSensus, and CoinGram.us, establishing him as a trusted voice in the industry. Pardon's work combines in-depth technical analysis with a keen understanding of market trends, offering readers valuable insights into the complex world of cryptocurrencies.

A high-profile cryptocurrency investor, known as a whale, has made a substantial reinvestment in the $TRUMP memecoin following its listing on Upbit, South Korea’s largest cryptocurrency exchange. 

According to Onchain Lens report earlier today, within just 30 minutes, the investor purchased 105,923 $TRUMP tokens at $16.50 each, spending 9,350 SOL—equivalent to $1.82 million. 

The move comes after the whale previously secured a $2 million profit from earlier $TRUMP trades, highlighting their confidence in the token’s potential. 

The reinvestment suggests a strategic bet on further price appreciation, driven by the token’s increasing exposure and liquidity.

Upbit Listing Fuels Renewed Market Interest

The timing of the whale’s reinvestment aligns with Upbit’s recent listing of $TRUMP, which has sparked fresh interest in the token. 

Exchange listings are often pivotal moments for cryptocurrencies, as they drive higher trading volumes, price volatility, and increased investor participation. 

Upbit, with its large user base and dominance in the Asian market, provides $TRUMP with a significant boost in credibility and accessibility. 

The listing is expected to attract both retail and institutional investors, potentially pushing the token’s price higher. 

The whale’s move signals a belief that this development will generate sustained demand, creating an opportunity for further profit-taking.

Also Read: Public Citizen Blames Trump, Calls For DOJ Investigation Into $TRUMP Memecoin Citing Payments Risk

Whale Activity Signals Confidence Amid Market Volatility

Large-scale trades from influential investors often serve as key indicators of market sentiment. The whale’s reinvestment into $TRUMP suggests strong confidence in the token’s price trajectory, despite recent volatility. 

Over the past 24 hours, the token’s price has increased by 11.23% to $16.99, with a staggering $2.07 billion in trading volume. 

SOURCE: Coingecko TRUMP Price

However, it remains down 10.41% over the past week, showcasing the unpredictable nature of memecoins. 

With a circulating supply of 200 million tokens, $TRUMP currently holds a market capitalization of $3.39 billion. The whale’s strategic entry could encourage other traders to follow suit, further driving demand.

Mixed Fortunes for $TRUMP Traders in an Unstable Market

While some investors are profiting, others have faced significant losses. Reports indicate that Trump and his family have made approximately $100 million in trading fees from $TRUMP transactions, while over 810,000 wallet holders have collectively lost $2 billion. 

Additionally, a trader recently lost $542,000 after investing $1.6 million in $TRUMP during a 32% price decline. 

Another high-profile trade saw a whale suffer a $21 million loss after initially profiting $11.8 million. 

These contrasting outcomes highlight the high-risk, high-reward nature of the memecoin market, where strategic timing and market trends play a crucial role in determining financial success.

Also Read: Crypto Trader Who Made $2.9M Profit from $TRUMP Suffers $1.8 Million Loss on $CAR Trade

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