Cryptocurrency onchain data has revealed that a crypto whale has made a huge profit by sheer luck or as an insider trader.
A cryptocurrency wallet previously known as a major TRUMP memecoin whale has made a profit of $1.4 million on a memecoin called MOONPIG, which it purchased for $7,619.
This whale was created on April 5 and spent $1 million to purchase TRUMP tokens.
This crypto whale could be someone with insider knowledge of the memecoin MOONPIG, which calls for extra caution with this token.
Then, on May 2, he sold 600 TRUMP tokens, or approximately $7,619, and bought 16.44 million MOONPIG with the money he earned. The value of these tokens was equivalent to $1.4 million at its peak.
On the other hand, onchain data has provided another interesting piece of information about this crypto whale. The whale wallet, known as a TRUMP whale, sold all of its TRUMP tokens hours ago and made a profit of only $43,500.
*This is not investment advice.
