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5 days ago, one major Official Trump (TRUMP) investor sold off all of their 630,039 TRUMP coins for $5.48 million, at an approximate price of $8.7.
Major cryptocurrency players, popularly known as crypto whales, have applied a buy high sell low strategy on their investments as the market cycle’s FOMO tackles seasonal heights.
Just a few days back, blockchain intelligence platforms rang the alarm about one TRUMP coin whale selling a hefty amount of the United States President-flavored meme coin.
The crypto whale in question sold off all of their 630,339 TRUMP coins for $5.48 million, at an average price of $8.7. The mistimed deed resulted in a $4.5 million deficit in unrealized gains, as per LookOnChain stats.
On a brighter note, the trader still made an all-time profit of $483K. However, what happened next has left market watchers in awe.
[Email protected] missed out on the $TRUMP x dinner announcement and sold 630K $TRUMP at $8.7 for a $3.8M loss in a few days. He's now back with a larger appetite, using $519.6M to buy 33.7K $TRUMP at $15.39. His last buy was at $7.93 when he bought 630K $TRUMP before the announcement. Today, he's down 3.38%...
— Arkham (@ArkhamIntelligence) August 8, 2023The spotted crypto whale acquisition happened nearly at the 7-day high for TRUMP coin, which topped at $15.47 on Monday, now trading 14 cents below the milestone.
At present, this TRUMP coin believer is down 3.38% on their holdings, valued at $4.93 million, according to real-time stats from blockchain analytics platform Arkham Intelligence.
See More: Top 5 Crypto News This Week: Bitcoin Surpasses $80K In One Scenario
The post Crypto Whale Loses $3.8 Million After Prematurely Selling TRUMP Coin At 7-Day High appeared first on DailyCoin.output: A major crypto whale has been spotted applying a buy high sell low strategy on their investments as the market cycle’s FOMO (fear of missing out) tackles new seasonal heights.
As some platforms rang the alarm about one whale selling a TRUMP coin at a loss, the same crypto wallet has returned with a larger appetite after missing out on Donald Trump’s memecoin fan dinner announcement.
The spotted crypto whale acquisition happened nearly at the 7-day high for TRUMP coin, which topped at $15.47 on Monday, now trading 14 cents below the milestone.
At present, this TRUMP coin believer is down 3.38% on their holdings, valued at $4.93 million, according to real-time stats from blockchain analytics platform Arkham Intelligence.
The crypto whale in question sold off all of their 630,339 TRUMP coins for $5.48 million, at an average price of $8.7. The mistimed deed resulted in a $4.5 million deficit in unrealized gains, as per LookOnChain stats.
On a brighter note, the trader still made an all-time profit of $483K. However, what happened next has left market watchers in awe.
Using 519.6 million USDC, the crypto trader bought 337,000 TRUMP coins at an average price of $15.39. This buy order occurred just seven hours ago.
The post Crypto Whale Loses $3.8 Million After Prematurely Selling TRUMP Coin At 7-Day High appeared first on DailyCoin.
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