Crypto NewsAltcoinThe Giant Whale that Made Huge Profits from TRUMP Lost All of...

The Giant Whale that Made Huge Profits from TRUMP Lost All of Its Gains: Lost All Earnings on Other Altcoins, and Even Lost Money!

A giant crypto whale appears to be floundering after making huge profits from TRUMP, according to Onchain data.

Follow Bitcoin Sistemi Google News Button

According to crypto onchain data, a crypto whale on the Solana network purchased $26 million worth of Official Trump (TRUMP) tokens at an average price of $23.81.

Currently, this crypto whale has made a total profit of $8.2 million.

However, there is a problem. Because the same crypto whale also bought the MELANIA memecoin launched by US President Donald Trump. The whale, who paid $ 22 million for his investment in total, completed his purchase at an average of $ 10.5 and according to the data at the time of writing, MELANIA lost $ 10 million in total from the investment. In the purchases made through decentralized cryptocurrency exchanges on the Solana network, the funds were transferred from the CryptoCom exchange, which is widely used in the US.

Related News  Cryptocurrency Exchange Analysts Explained: “Bitcoin Should Never Go Below This Level!”

As it turns out, although the TRUMP memecoin has made waves in the cryptocurrency world, memecoins are generally high-risk assets and often cause traders to lose money.

However, there was another interesting development regarding the TRUMP token today. REX, a company working in the ETF field, has applied for a spot ETF for the TRUMP token. TRUMP's official website claims that the token is not a security, but it seems unlikely that an official ETF will be launched in the US for such a product.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week