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$BTC day after Donald Trump was sworn in as the 47th President of the U.S., whales took massive hits from Trump-backed meme coins MELANIA and TRUMP. Just two days before his inauguration as the 47th president of the U.S., Donald Trump launched his meme coin, Official TRUMP Official Trump trump -30.9% Official Trump, on the Solana (SOL) blockchain on Jan. 18. On Jan. 19, the token skyrocketed to a peak of over $75, swelling its market cap to nearly $15 billion—an eye-popping 840% jump from its all-time low of $6.24. However, as of this writing on Jan. 21, the TRUMP token has experienced a sharp downturn, dropping almost 57% to $33. In a turn of events, on-chain analyst Look On Chain highlighted a key transaction involving the wallet “Ansem.” The wallet, which had initially invested 9.38 million USDC (USDC) to purchase 194,799 TRUMP at an average price of $48.14, sold its holdings at $35.04, incurring a $2.55 million loss after receiving just 6.83 million USDC.
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#BTCBreaksATH day after Donald Trump was sworn in as the 47th President of the U.S., whales took massive hits from Trump-backed meme coins MELANIA and TRUMP. Just two days before his inauguration as the 47th president of the U.S., Donald Trump launched his meme coin, Official TRUMP Official Trump trump -30.9% Official Trump, on the Solana (SOL) blockchain on Jan. 18. On Jan. 19, the token skyrocketed to a peak of over $75, swelling its market cap to nearly $15 billion—an eye-popping 840% jump from its all-time low of $6.24. However, as of this writing on Jan. 21, the TRUMP token has experienced a sharp downturn, dropping almost 57% to $33. In a turn of events, on-chain analyst Look On Chain highlighted a key transaction involving the wallet “Ansem.” The wallet, which had initially invested 9.38 million USDC (USDC) to purchase 194,799 TRUMP at an average price of $48.14, sold its holdings at $35.04, incurring a $2.55 million loss after receiving just 6.83 million USDC.
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Aday after Donald Trump was sworn in as the 47th President of the U.S., whales took massive hits from Trump-backed meme coins MELANIA and TRUMP. Just two days before his inauguration as the 47th president of the U.S., Donald Trump launched his meme coin, Official TRUMP Official Trump trump -30.9% Official Trump, on the Solana (SOL) blockchain on Jan. 18. On Jan. 19, the token skyrocketed to a peak of over $75, swelling its market cap to nearly $15 billion—an eye-popping 840% jump from its all-time low of $6.24. However, as of this writing on Jan. 21, the TRUMP token has experienced a sharp downturn, dropping almost 57% to $33. In a turn of events, on-chain analyst Look On Chain highlighted a key transaction involving the wallet “Ansem.” The wallet, which had initially invested 9.38 million USDC (USDC) to purchase 194,799 TRUMP at an average price of $48.14, sold its holdings at $35.04, incurring a $2.55 million loss after receiving just 6.83 million USDC. $BTC #BTCBreaksATH
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