Trump Token Whale Nets $3.7M Profit amid Meme Coin Crash

A major Trump token holder, identified by the wallet address ‘0x52C0’, recently sold over 171,000 Trump tokens, converting to 414 Ether worth $1.44 million in the past 24 hours. This sale, at an average price of $8.38, resulted in a 1,428% return on investment.

Despite this, the whale still holds 28% of his wallet in Trump tokens, valued at about $372,000. His largest asset is BasedAI (BASEDAI) coins, worth $921,000, making up over 71% of his portfolio.

The Trump token has dropped over 30% in 24 hours, and 37% for the week, partly due to rumors of an official TrumpCoin project on Solana. The broader memecoin market is also suffering, with major coins like Dogecoin (DOGE) down 13%, Shiba Inu (SHIB) down 18%, Pepe (PEPE) down 13%, and Solana-based Dogwifhat (WIF) plummeting over 20%.

Overall, meme coin market capitalization has dropped over 9% to $46.6 billion, while trading volumes have risen by 79% to $6.25 billion.

Other Trump token holders are also profiting from the market downturn. Wallet ‘0x35D1’ gained $648,000, and trader sighduck.eth netted a 1,500% gain.
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