$TRUMP
Crypto whale loses $5.5M in TRUMP Coin before the dinner announcement with Trump
An impatient crypto whale loses multimillion-dollar gains as the Trump token recovers with a double-digit increase.
Donald Trump's official TRUMP Coin surged 58% overnight after the President of the United States announced an unusual benefit for meme coin holders. According to Trump, a selection of the largest holders of TRUMP Coin will be eligible to dine with him in Washington D.C.
The news of the dinner with Trump drives up the value of TRUMP Coin
According to the official announcement, this offer applies to the top 200 holders of TRUMP Coin. The presidential initiative sparked a major bull run for the TRUMP token, which otherwise continued to decline, reaching 32% of these gains in the last 24 hours.
Now, the cryptocurrency of the 47th president is approaching the TOP 50 by market capitalization and has reached a double-digit price for the first time in three weeks.
However, some major players in the crypto market, known as crypto whales, have fallen into huge deficits in the form of unrealized gains. In an unfortunate story uncovered by the blockchain analysis platform LookOnChain, a large TRUMP crypto whale disposed of 630,339 TRUMP coins hours before the dinner announcement with Trump.
