A high-profile crypto trader, who previously earned $6.03 million in profits from trading Official Trump (TRUMP) tokens, has offloaded $7.53 million worth of TRUMP in a strategic move.
According to on-chain data, the trader initially invested $25.98 million between January 18 and January 20, acquiring 1.09 million TRUMP tokens at an average price of $23.81.
With the token reaching a peak price of $64.05, the trader capitalized on the surge, securing significant gains.
However, the recent sell-off suggests a calculated approach to securing profits amid market uncertainty, signaling potential shifts in investment strategy.
Potential Profits Could Reach $13.56M as Market Trends Shift
If the trader successfully liquidates the remaining portion of their holdings, their total profits from TRUMP could soar to an estimated $13.56 million.
However, unrealized profits have already declined by $22.72 million from the token’s peak, indicating the impact of fluctuating market conditions.
The trader’s decision to sell a significant amount of TRUMP suggests an effort to hedge against potential losses or reallocate capital based on shifting trends.
Notably, a portion of their holdings was transferred to a trading platform just six hours ago, hinting at the possibility of further sell-offs that could influence the token’s short-term price movements.
Also Read: Trump’s Family Makes $100M From $TRUMP Trading Fees While 810K Wallet Holders Lose $2B Combined
TRUMP Token Sees Slight Daily Increase Despite Weekly Downtrend
Despite the large-scale sell-off by the whale trader, TRUMP has recorded a modest 0.52% price increase in the last 24 hours, now trading at $13.03.
The token’s 24-hour trading volume remains high at approximately $1.05 billion, reflecting sustained investor interest.
However, over the past week, TRUMP has suffered a notable 23.46% decline, raising concerns about its short-term stability.
With a circulating supply of 200 million TRUMP tokens, the project maintains a strong market capitalization of around $2.61 billion, reinforcing its relevance in the broader crypto market.
Analysts will be closely monitoring further whale activity and potential liquidations, which could determine TRUMP’s next price movement.
Major Traders Face Losses Amid High Volatility in TRUMP Memecoin Market
While some traders have profited from TRUMP’s volatility, others have suffered steep losses. One investor lost $542,000 after purchasing $1.6 million worth of TRUMP tokens during a sharp 32% price decline, highlighting the risks associated with memecoin trading.Â
Meanwhile, another whale reinvested $1.82 million in TRUMP following Upbit’s listing of the token, suggesting confidence in its long-term potential.Â
However, not all traders have been as fortunate—a major investor recently suffered a staggering $24.4 million loss after selling 763,582 TRUMP tokens for $9.48 million in a desperate exit trade.Â
With TRUMP declining 14.36% in the past 24 hours, concerns about further liquidations persist, keeping the market on edge as traders navigate ongoing volatility.
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