Crypto Whale’s Losses on TRUMP Memecoin Balloon to $15,700,000 After Exiting Three Losing Trades in a Row
A crypto whale is booking millions of dollars in losses after making several Official Trump ( TRUMP ) trades.
According to blockchain tracking platform Lookonchain, the whale’s losses have ballooned to nearly $16 million on his TRUMP memecoin trades this month.
“This whale sold 743,947 TRUMP ($7.92 million) at $10.66 [Friday] – taking another $3.3 million loss on TRUMP! He only profited on his first TRUMP trade. The next three were all losses, bringing his total loss to $15.7 million.”
Earlier this month, Lookonchain noticed that the same whale at first made nearly $12 million on his initial TRUMP trade, before suffering the large losses.
“This whale made $11.82 million on his first TRUMP trade, lost $24.35 million on the second, and took another $201,000 loss on the third! Now, he’s back-spending $11.28 million to buy 777,684 TRUMP at $14.50. Will he turn a profit this time?”
Other whales are also looking at losses on their recent TRUMP trades.
One deep-pocketed investor sold TRUMP for a loss of $207,000 this week after spending $5 million worth of Circle’s stablecoin, USDC, to accumulate the memecoin right after President Donald Trump posted “I LOVE TRUMP” on his social media platform Truth Social, according to Lookonchain.
President Trump launched the memecoin in January, just days before his inauguration.
TRUMP is trading for $10.27 at time of writing, down 8.1% in the last 24 hours.
Follow us on X , Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally
Bitcoin traders prepare for rally to $100K as ‘decoupling’ and ‘gold leads BTC’ trend takes shape
Clanker team earns $13 million in revenue from over 200,000 tokens on Base in just five months

US equities slide as trade war escalates, Powell signals no rate cut
Tariff and interest rate concerns overshadowed a positive March jobs report
Trending news
MoreCrypto prices
More








