Crypto Whale Loses $3 Million on Official TRUMP Token – Total Losses Now at $13.35M

Despite being seen as the pro-crypto candidate in the 2024 election, Donald Trump’s second presidency has already sparked controversy in the cryptocurrency market. One of the biggest talking points? The rise and fall of Official TRUMP (TRUMP), the president’s own meme coin.

The Boom and Bust of TRUMP

Launched on January 17—just days before Trump’s inauguration—the token saw an explosive rally, hitting an all-time high of $44.28 on January 21, with a staggering $14.7 billion market cap. However, the hype didn’t last long. By the end of January, TRUMP had already tumbled to $24.05, and since then, its price has continued to slide. As of March 28, TRUMP trades at just $10.18.

Whale’s Costly Gamble

One crypto whale has been hit particularly hard by TRUMP’s volatile ride. After initially turning $12 million into $23.8 million in early February, he decided to double down—but it backfired. He poured $33.9 million into a new position, only to watch its value plummet to $12.85 million, locking in a $21 million loss.

But the losses didn’t stop there. On March 3, the same whale re-entered the market, purchasing 777,684 TRUMP tokens. Fast forward to March 28, and he liquidated his holdings at a price of $14.50 per token, selling 743,947 TRUMP for $7.92 million.

Total Damage: $13.35 Million in Losses

With this latest sale, the whale has suffered yet another $3.35 million loss, bringing his total losses on TRUMP to a staggering $13.35 million since mid-January.

This rollercoaster ride highlights the risks of meme coin trading—even for deep-pocketed investors. As the market watches TRUMP’s next move, one thing is clear: high volatility can bring high rewards, but also massive losses.

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