This Trader Missed Out on a Potential Profit of $33 Million After Selling Trump's Official Cryptocurrency Too Late

The investor initially bought into TRUMP, the official cryptocurrency of President Donald Trump, when the price was approximately $1.03.

A trader missed out on potential profit worth tens of millions after selling Official Trump TRUMP/USD at a significant discount on Saturday, failing to act during the meme coin’s peak.

What Happened: The investor initially bought into TRUMP, the official cryptocurrency of President Donald Trump, when the price was approximately $1.03, as per on-chain tracking platform Lookonchain.

They went on to offload all of their 637,000 TRUMP coins for $12.24 million, booking an impressive profit of $11.4 million.

However, if the trader had sold at the meme coin’s peak of $75.35, the profit could have exceeded $45 million. So, the late sale deprived them of $33 million in gains.

This guy sold $TRUMP too late and missed out on a profit of over $33.6M!

He aped into $TRUMP when the price was ~$1.03, then sold all 637K $TRUMP for 55,316 $SOL($12.24M) 6 hours ago at $19.21, making 52,301 $SOL($11.4M).

If he sold at the peak, the profit could have exceeded… pic.twitter.com/3pN01t0VGd

See Also: Elon Musk Says Treasury Officials ‘Breaking The Law Every Hour’ By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix

Why It Matters: The missed chance underscores the volatility and unpredictability of meme coins, especially those that are themed on popular people and celebrities.

Launched by Trump just ahead of his presidential inauguration, TRUMP reached a fully diluted valuation of roughly $75 billion shortly after its debut but has since crashed over 76%.

While the coin does possess some utility, such as allowing customers to use it to buy Trump-branded merchandise, most of its moves have been dictated by broader market trends.

Price Action: At the last check, TRUMP was changing hands at $17.87, down 15% in the last 24 hours, as per data from Benzinga Pro.

Benzinga Note: Investing in meme coins and cryptocurrencies is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading.

Photo by Igor Faun on Shutterstock

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.