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A well-known whale investor in the cryptocurrency market has incurred millions in losses from trading TRUMP-themed memecoins. Initially, the investor achieved significant profits but quickly faced a complete reversal in fortune due to subsequent transactions. Reports indicate that the total loss has reached nearly 16 million dollars, highlighting the risks associated with short-term opportunities in the market.
Initial Major Profit Followed by Collapse
According to data shared by the blockchain analytics platform Lookonchain, this whale made approximately 12 million dollars in profit from the first TRUMP memecoin trade. However, this rapid gain led the investor to pursue more aggressive trades, which did not yield the expected results. In the second transaction, the whale sold 743,947 tokens at 10.66 dollars, resulting in a 7.92 million dollar loss, though it seemed like they were still preserving much of their initial profit.
However, after two consecutive large transactions, the situation flipped entirely. The investor faced an additional loss of 24.35 million dollars in one trade and 201,000 dollars in another, accumulating a total loss of approximately 15.7 million dollars.
Attempt to Rebuy Under Observation
Despite these substantial losses, the whale investor has not given up. The same source reported that the whale has started accumulating TRUMP memecoins again, spending 11.28 million dollars to purchase 777,684 tokens at 14.50 dollars. It remains uncertain whether this move will help recover previous losses.
According to Lookonchain’s assessment, the whale initially gained 11.82 million dollars but ultimately lost 24.55 million dollars across the next two transactions. All eyes are now on this recent purchase, as the unpredictable market environment raises questions about whether the investor will achieve profit or face further losses.
In a related note, another whale investor recorded a 5 million dollar USDC investment following Donald Trump’s “I LOVE TRUMP” post on Truth Social, which ultimately resulted in a 207,000 dollar loss. These consecutive moves have impacted the price of TRUMP memecoins, which saw an 8.1% drop within a 24-hour period.
Launched just before the U.S. President took office in January, TRUMP-themed memecoins gained attention but also showcased extreme volatility. Recent events remind us of the significant risks associated with transactions made in hopes of quick profits in the cryptocurrency landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
