A well-known crypto investor, who previously made an astonishing $108 million in profits from trading the $TRUMP meme token, recently suffered a dramatic loss of $207,000 in just one hour.
The investor attempted to capitalize on market sentiment following a social media post by former U.S. President Donald Trump, who declared, “I LOVE $TRUMP.”
Expecting this statement to trigger a surge in the token’s value, the whale invested 5 million USDC (a stablecoin pegged to the U.S. dollar) into $TRUMP tokens.
However, the anticipated price spike failed to materialize, leading to a swift sell-off and a significant financial setback.
Misjudging Market Sentiment Results in Costly Exit
The investor’s strategy was based on the belief that Trump’s endorsement would drive a sustained rally in $TRUMP’s price.
Historically, statements from influential figures have led to sharp movements in cryptocurrency markets, particularly for politically charged meme tokens.
While trading volume initially surged following Trump’s post, the token’s price failed to sustain an upward trend.
Many traders likely used the brief spike as an opportunity to cash out profits, leading to a lack of continued buying pressure.
Realizing that the bullish momentum was fading, the whale decided to exit the position just one hour after entering, accepting a $207,000 loss rather than risking further declines.
Also Read: Crypto Trader Who Made $2.9M Profit from $TRUMP Suffers $1.8 Million Loss on $CAR Trade
$TRUMP Token Remains Active Despite Volatility
Despite this major investor’s loss, the $TRUMP token continues to show strong market activity. As of today, the token is priced at $11.87, marking an 8.80% increase over the past 24 hours.
Over the past week, it has climbed by 4.35%, maintaining positive momentum despite individual trade setbacks.
With a massive 24-hour trading volume of $1.49 billion, $TRUMP remains highly liquid, with significant interest from investors.
The token currently has a circulating supply of 200 million, bringing its market capitalization to approximately $2.37 billion.
While volatility remains a key characteristic of $TRUMP’s trading patterns, its high market activity suggests continued interest from both retail and institutional investors.
Other Large Traders Take Risks on $TRUMP Token
The recent price swings in $TRUMP have led to both substantial gains and losses among high-profile traders.
One investor, who previously lost $24.5 million on $TRUMP, has re-entered the market with a bold $4 million investment, acquiring 297,874 tokens at $13.49 each.
Meanwhile, another trader successfully offloaded $7.53 million worth of $TRUMP after earning $6.03 million in profits, with potential total gains reaching $13.56 million if the remaining holdings are sold at optimal prices.
However, not all trades have ended profitably, one major investor suffered a staggering $24.4 million loss after selling 763,582 tokens at a discounted price of $9.48 million.
These recent trading activities highlight the extreme risks and rewards associated with the $TRUMP token, reinforcing the unpredictable nature of the crypto market.