As it is known, an assassination attempt was made on US presidential candidate Donald Trump last Saturday. After this failed, former US president Trump's chances of re-election increased significantly.
Trump's pro-crypto stance has also triggered a strong rally in Bitcoin (BTC) and the broader cryptocurrency market.
At this point, as Bitcoin approached $63,000 after the rise that started over the weekend, the TRUMP (MAGA) price also made a big jump.
Taking advantage of this rise, a whale also sold on TRUMP and made a profit of $8.3 million.
According to a post by on-chain data provider Lookonchain, a wallet thought to belong to GCR deposited a total of 1.08 million MAGA tokens to the BTSE exchange in recent hours and earned $8.3 million from this transaction.
This wallet spent just 540,700 USDT between November 22 and December 4, 2023 to purchase 1.08 million TRUMP tokens at an average price of $0.50.
But another GCR address, labeled “GCR: Address 1”, still holds 936,279 TRUMPs (worth $7.23 million) and profits of more than $6.5 million.
A wallet suspected to be #GCR(@GiganticRebirth) deposited all 1.08M $TRUMP($8.85M) into #BTSEExchange 7 hours ago, making a profit of ~$8.3M.
This wallet spent 540,700 $USDT to buy 1.08M $TRUMP at an average price of $0.5 from Nov 22 to Dec 4, 2023.
Address:… pic.twitter.com/95ZoPsl9ca
— Lookonchain (@lookonchain) July 15, 2024
*This is not investment advice.
