Crypto Whale Loses Over $15M in Tumultuous TRUMP Memecoin Trades
29.03.2025 06:28
A prominent crypto whale has incurred a staggering loss of over $15 million trading the TRUMP memecoin. According to data from Lookonchain, the whale realized a profit on its first TRUMP trade but then suffered losses on subsequent trades totaling approximately $15.7 million. The sequence of trades involved selling large amounts of TRUMP tokens at prices that resulted in significant negative returns. The coin, which once peaked at $73.43 following a mention on Truth Social, has since plummeted to roughly $10.38, marking an 86% decline from its all-time high. The report highlights that these risky trades are not isolated, as several other whales have also experienced similar setbacks amid the fading hype around the token. The news underscores the volatile nature of memecoins and cautions investors about the unpredictable market dynamics associated with such heavily hyped assets.
The news of a whale suffering a $15M+ loss in TRUMP trades is likely to exert downward pressure on the coin's price in the short-term by reinforcing negative sentiment. The rapid decline from a record high following bullish mentions, combined with substantial sell-offs from large holders, may trigger additional panic selling among retail investors. Quantitative signals, such as a drop of 86% from its all-time high, indicate that the momentum is strongly negative. However, while immediate effects point to further depreciation, long-term dynamics could see the coin stabilize if support levels are reached or if contrarian investors step in. Historical patterns with memecoins suggest that recovery is uncertain and remains highly volatile, with potential for a rebound only if renewed positive news or institutional interest emerges. Overall, the significant losses serve as a cautionary signal in an already risk-laden market.
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