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Cryptocurrency News Articles
Two $TRUMP Whales Dumped 765k Tokens for an $8.58M Loss, Dropping the Price by 12.5% in 2 Hours
May 05, 2025 at 06:30 am
Two crypto whales holding President Trump tokens (TRUMP) have reportedly bailed on Thursday, May 4, taking a combined loss of $2.34 million.
The sudden sale involved hundreds of thousands of tokens and resulted in significant financial losses as they both sold 765,128 TRUMP tokens for $8.58 million, taking a combined loss of $2.34 million. This development has raised eyebrows across the trading community, especially for the fact that the wallets had previously entered the market at higher price levels. It also raises short-term selling pressure and causes more price swings for TRUMP holders because every time large investors exit, it often points to low market trust and can lead to shaky movement ahead.
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- HYPE rallied another 5% after the post, extending the token's gains to more than 20% over the last week, with HYPE approaching $44 before retracing.
