Wallet "3kjP9L" sold $3.81M in TRUMP, incurring a $1.38M principal loss.
Wallet "7X6Vun" offloaded $4.77M in tokens, losing $961K on the sale.
Combined sell-off erased $928K in prior gains and $1.42M in capital.
A combined sale of over 765,000 TRUMP tokens occurred, resulting in multimillion-dollar losses. According to a Lookonchain post on X, two blockchain addresses identified as 3kjP9L and 7X6Vun offloaded their positions, removing $8.58 million worth of tokens from their wallets.
https://twitter.com/lookonchain/status/1918852949360672903
Blockchain data shows that both whales had previously profited from TRUMP token trades before the recent liquidation event. Their decision to sell these tokens has now erased their historical gains and resulted in further principal losses totaling approximately $1.42 million.
Wallet 3kjP9L Sells at Steep Loss Despite Previous Profit
The address 3kjP9L offloaded 337,560 TRUMP tokens in a transaction valued at $3.81 million. According to on-chain analysis, the same wallet previously earned $196,000 in realized profits from earlier trades involving the same token.
Despite the earlier gain, the wallet registered a net loss of $1.38 million from the latest sale. This transaction eliminated not only the former gains but also incurred a significant principal deficit. The sale occurred under market conditions that priced the tokens lower than their average acquisition cost. No rebuy activity has been observed since the sale.
Wallet 7X6Vun Also Incurs Major Deficit After Exit
Another large transaction came from wallet 7X6Vun, which sold 427,568 TRUMP tokens for a total value of $4.77 million. This address had previously generated $732,000 in realized profits from TRUMP token trades.
The most recent liquidation led to a $961,000 loss on the principal alone. Like 3kjP9L, the address recorded no new purchases following the sell-off. Combined, the two wallets lost nearly all their prior gains, as well as additional capital totaling $1.42 million.
Combined Sale Totals Over $8.5M in Value
The two wallets executed their transactions within a similar time frame, indicating a coordinated or reactionary sell-off. The total amount sold reached 765,128 tokens, with a combined market value of $8.58 million. Price impact data and slippage reports related to the dump have yet to be fully assessed.
However, the liquidation coincides with wider volatility across similar meme-themed tokens. Blockchain records validate the timestamps, amounts, and net results of the two transactions. All information was retrieved from on-chain monitoring platforms within five hours of activity. These sales remain among the largest Trump-related transactions recorded this week. Additional wallet movements are being tracked for follow-up activity. No recovery attempts or market re-entries have been reported from either address.
