An on-chain analyst named Yu Jin revealed that a TRUMP whale made a significant move in the market, acquiring 337,000 TRUMP tokens using 5.196 million USDC at an average price of $15.39. This purchase took place just seven hours ago. Interestingly, this same address had previously bought 630,000 TRUMP tokens at $7.93, later selling them at $8.7, missing a potential profit of around $3.8 million due to mistiming the market.
What Led to the Missed Profit?
The TRUMP whale’s missed profit of $3.8 million stemmed from selling the tokens at $8.7 just before a significant announcement regarding a Trump dinner plan. This decision, made 20 hours prior to the announcement, resulted in a substantial loss in potential earnings for the investor.
Implications of the Recent Purchase
The recent acquisition of 337,000 TRUMP tokens by the whale using USDC at a higher price of $15.39 indicates a bullish sentiment towards the token. This move suggests confidence in the future price action of TRUMP tokens, despite the missed opportunity for profit in the previous trade.
📈 Will TRUMP Tokens Rally Further?
With the significant purchase of TRUMP tokens at a higher price, there is anticipation in the market for a potential rally in the token’s value. Traders and investors will be closely monitoring the price action to see if this bullish sentiment translates into a sustained upward movement for TRUMP tokens.
🚀 Your Thoughts on TRUMP Token Movement?
What are your predictions for the future price action of TRUMP tokens? Will the recent whale purchase lead to a surge in value, or are there other factors at play? Share your insights below!
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