
Whale Sells $407K TRUMP, Loses $1.37M in Exit
In a shocking move, a whale investor has reportedly sold 407,427 TRUMP tokens valued at $3.96 million, resulting in a staggering loss of approximately $1.37 million. This significant sell-off comes amidst the token’s recent price recovery, with TRUMP trading at $9.80, up 13% over the past week.
According to Lookonchain data, this whale investor, identified as CrUYR1, had purchased the coins just five months ago. The enormous loss underscores the immense volatility of the cryptocurrency market and highlights the importance of careful investment decisions.
As TRUMP’s price continues to rise, the recent sell-off raises concerns about supply and demand dynamics within the market. This substantial sale by a major investor may have contributed to the token’s short-term upward trend, which could be unsustainable in the long term.
Source: cryptopotato.com