📉 TRUMP TOKEN WHALE SELLS FOR $3.7M PROFIT AS MEMECOIN STARTS DECLINE 📉
A significant memecoin holder, known as a whale, has made a substantial profit of $3.7 million by selling their TRUMP tokens amid a market sell-off.
This sale reflects an over 1,428% return on their initial investment, showcasing both the volatility and potential profitability within the memecoin market.
🐋 Whale Sells TRUMP Tokens for Massive Profit:
The whale wallet, identified as “0x52C0,” sold over 171,000 TRUMP tokens for 414 Ether (ETH), valued at $1.44 million in the past 24 hours. This strategic move resulted in a total profit of $3.7 million.
Token Sale Details:
Sale Price: $8.38 per TRUMP token
Profit: Over $3.7 million
Remaining Holdings: 28% of their wallet still consists of TRUMP tokens worth $372,000.
Largest Holding: BasedAI (BASEDAI) token worth $921,000, accounting for over 71% of the wallet.
📉 Decline of TRUMP Token:
The whale began locking in profits just as the TRUMP token started to decline. Over the past 24 hours, the token's price fell by more than 30%, trading at $7.88. On the weekly chart, TRUMP is down over 37%.
📊 Memecoins Market Impact:
The overall memecoin market has seen a downturn, with other whales also capitalizing on the decline.
Dogecoin (DOGE): Down 13%
Shiba Inu (SHIB): Down 18%
Pepe (PEPE): Down 13%
Solana-based Dogwifhat (WIF): Down over 20%
The total market capitalization of meme coins fell by 9.4% to $46.6 billion in the past 24 hours, while trading volume surged by 79% to $6.25 billion.
🐋 Other Whales Cashing Out:
Other TRUMP token whales have also started locking in profits amidst the decline.
Wallet “0x35D1” made a $648,000 profit.
Trader sighduck.eth sold their tokens for a 1,500% gain, netting $1.88 million.
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