Two major crypto investors disposed of a total of 765,128 TRUMP tokens, valued at $8.58 million, recording significant losses.
According to the analysis platform Lookonchain, which tracks crypto asset movements, two large investors defined as whales experienced significant losses in their recent sales. These sales took place about 5 hours ago and resulted in a total loss of $2.34 million.
Previous earnings completely wiped out
According to Lookonchain's data, the wallet coded 3kjP9L had previously made a profit of $196,000 from TRUMP token investments. However, in its recent sale, it sold 337,560 TRUMP tokens (worth $3.81 million) and recorded a loss of $1.38 million. Similarly, the wallet coded 7X6Vun had previously made a profit of $732,000 from TRUMP investments, but lost $961,000 by disposing of 427,568 TRUMP tokens (worth $4.77 million).
These two investors not only lost all their previous earnings but also lost approximately $1.42 million of their principal capital. Experts indicate that this situation is a sign of the high volatility and risks of the meme coin market.
