Donald Trump, who is leading in many states, appeared before voters in West Palm Beach to declare victory and say Americans are “making history.”
Trump's failure to mention Bitcoin (BTC) and cryptocurrencies in his victory speech caused a drop in price, while whales who bet on Trump's victory made millions of dollars.
On-chain data analytics platform Lookonchain has revealed the profits earned by whales who bet on Trump's victory.
Accordingly, the whale named “Theo4” made a profit of $20.4 million, the whale named “Fredi9999” made a profit of $15.6 million, and the whale named “zxgngl” made a profit of $11 million.
“Congratulations to Donald Trump!
And congratulations to the whales who bet on Trump!
“Theo4” made $20.4 million in profit!
“Fredi9999” made $15.6 million in profit!
“zxgngl” made $11 million in profit!”
While whales betting on Trump winning will make huge profits, a whale that spent 5M USDC on Kamala Harris winning the election will lose all of his money.
Lookonchain noted that the current loss of this whale is around $4.9 million (-97.7%), according to the data.
*This is not investment advice.