$TRUMP Whale Wipes Out Profits and More—A $21M Lesson in FOMO

  • A TRUMP whale spent $33.9 million to buy 766,083 TRUMP at $44.25.
  • The whale earned $11.8 million profit during the launch of the meme coin.
  • The whale faces losses worth $9 million on its initial capital while losing the $11 million profit.

An $TRUMP meme coin whale has literally wiped out all its initial profits and now is starting at a fat loss. The wallet had earned $11.8 million at launch, but panic and greed led it to invest another $33.9 million to buy 766,083 TRUMP at $44.25.

According to the data provided by blockchain analysis platform Lookonchain, the wallet is down $21 million, with a $9 million hit to its initial capital. Currently, the meme coin is trading at $17.29, a 2.73% drop over the past 24 hours, according to CoinMarketCap data. However, the cryptocurrency’s trading volume holds strong at $2.92 billion. 

Meanwhile, analysts on X (formerly Twitter) pointed out that the token could hit new all-time highs and even surpass Dogecoin (DOGE) as the top meme coin. DOGE’s price rally came after Tesla CEO Elon Musk backed the project. A similar rally for TRUMP, linked to US President Donald Trump, might occur this cycle. 

Related: Dogecoin, Bonk, and Pepe Set to Be Key Asset Allocations in 2025

TRUMP Token Price Analysis

TradingView’s 4-hour chart for TRUMP shows the Relative Strength Index (RSI) at 31.89, indicating seller strength. Also, the chart’s slope hints at a move into the oversold area soon.

Related: Trump’s Trade Policies Stir Crypto Turmoil: What’s the Link?

On the other hand, accumulation of the TRUMP token has started, as shown by the slope of the Accumulation/Distribution line. TRUMP may retest $20 in the coming days. Still, a major resistance at $25 must break for the meme coin to reach a new all-time high.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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