Kripto_Poyraz
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BİNANCE PARTNER BİTCOİN TRADER ANALIST
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Trump
The Bit Journal
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TRUMP Meme Coin Plummets: Trader Loses $8 Million in Shocking Turn
A crypto trader has suffered a massive $8.48 million loss after investing in the trending TRUMP meme coin. Despite an earlier success with the same token, the trader’s second investment was met with a sharp 70% decline in TRUMP’s value. The coin, now trading near a critical resistance level, has sparked debates among analysts about its future trajectory.
From Profit to Loss: A Trader’s Journey
As reported by The Bit Journal, TRUMP coin initially gained popularity as the official meme coin associated with former U.S. President Donald Trump. Early adopters, including the aforementioned trader, made significant profits. According to on-chain analytics platform Lookonchain, the trader purchased 1.03 million TRUMP tokens at $1.79 each, later selling them for $23.84 each, resulting in a $22.7 million profit.
However, the trader’s decision to reinvest in TRUMP proved disastrous. This time, they purchased 309,514 tokens for $16.7 million, only to see the token’s value plummet under heavy selling pressure. As TRUMP’s price dropped by 70%, the trader’s holdings shrank to just $8.22 million, marking a steep financial setback.
What Caused TRUMP’s Sharp Decline?
TRUMP surged to a peak of $75.35 shortly after its launch, becoming one of the most talked-about meme coins. However, the token quickly entered a consolidation phase, followed by a bearish trend. Despite its association with Donald Trump, the coin’s value fell victim to the inherent volatility of the crypto market. Critics have raised concerns about its performance and questioned its ability to recover.
Is There Hope for a Rebound?
TRUMP is currently trading at $26.16, far below its all-time high (ATH). Some analysts remain optimistic, citing Fibonacci extensions that suggest the coin could rally to $77.77 under favorable market conditions. However, others caution that this outcome is not guaranteed. Jason Pizzino, a prominent crypto analyst, emphasizes the importance of diligent research to minimize investment risks in such volatile markets.
Lessons from TRUMP Coin’s Volatility
The trader’s experience highlights the unpredictable nature of meme coins and the broader crypto market. While TRUMP’s meteoric rise offered lucrative opportunities, its rapid decline serves as a stark reminder of the risks involved. Investors should exercise caution and conduct thorough research before engaging in highly speculative assets.
For more updates and expert insights into the crypto market, stay tuned to The Bit Journal.
https://twitter.com/Thebitjournal_
https://www.linkedin.com/company/the-bit-journal/
https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to get instant updates on breaking news!
From Profit to Loss: A Trader’s Journey
As reported by The Bit Journal, TRUMP coin initially gained popularity as the official meme coin associated with former U.S. President Donald Trump. Early adopters, including the aforementioned trader, made significant profits. According to on-chain analytics platform Lookonchain, the trader purchased 1.03 million TRUMP tokens at $1.79 each, later selling them for $23.84 each, resulting in a $22.7 million profit.
However, the trader’s decision to reinvest in TRUMP proved disastrous. This time, they purchased 309,514 tokens for $16.7 million, only to see the token’s value plummet under heavy selling pressure. As TRUMP’s price dropped by 70%, the trader’s holdings shrank to just $8.22 million, marking a steep financial setback.
What Caused TRUMP’s Sharp Decline?
TRUMP surged to a peak of $75.35 shortly after its launch, becoming one of the most talked-about meme coins. However, the token quickly entered a consolidation phase, followed by a bearish trend. Despite its association with Donald Trump, the coin’s value fell victim to the inherent volatility of the crypto market. Critics have raised concerns about its performance and questioned its ability to recover.
Is There Hope for a Rebound?
TRUMP is currently trading at $26.16, far below its all-time high (ATH). Some analysts remain optimistic, citing Fibonacci extensions that suggest the coin could rally to $77.77 under favorable market conditions. However, others caution that this outcome is not guaranteed. Jason Pizzino, a prominent crypto analyst, emphasizes the importance of diligent research to minimize investment risks in such volatile markets.
Lessons from TRUMP Coin’s Volatility
The trader’s experience highlights the unpredictable nature of meme coins and the broader crypto market. While TRUMP’s meteoric rise offered lucrative opportunities, its rapid decline serves as a stark reminder of the risks involved. Investors should exercise caution and conduct thorough research before engaging in highly speculative assets.
For more updates and expert insights into the crypto market, stay tuned to The Bit Journal.
https://twitter.com/Thebitjournal_
https://www.linkedin.com/company/the-bit-journal/
https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to get instant updates on breaking news!
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Trump boy b 100$
$TRUMP Analysis perfect execution!
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If you want to trade , with propper risk management Like and comment "YES"
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$FIRO 🚀🚀🚀
Babydoge 🔥
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The island and its water rise
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I expect a decline in Pepe
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I reviewed Pendle.
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Doge still has a long way to go
Btc don
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Bitcoin Historical Cycle
Detail �
With dominance falling, he will wait for the bottoms to come.
Even if the new ATH comes, we should not expect much from now on in terms of BTC.
Again, according to Bitcoin's cyclical movement, the profit rate earned on BTC during bull seasons is almost at the same level.
Detail �
With dominance falling, he will wait for the bottoms to come.
Even if the new ATH comes, we should not expect much from now on in terms of BTC.
Again, according to Bitcoin's cyclical movement, the profit rate earned on BTC during bull seasons is almost at the same level.
See original
Detailed Information �
MINERS BITCOIN
.
▪️No one wants to leave the safe haven unless the Fed lowers interest rates. #One
▪️ Miners' profit sales and still high production costs are the continuation of the process of realizing profit from the rise after #ETF. Market max stationary time
▪️Also, after the Halving, it crashed to 37,870 with a decrease of almost 90% from the daily average of 331,040.
▪️ Miner reserves are at the lowest level in the last 14 years at 1.9 million
MINERS BITCOIN
.
▪️No one wants to leave the safe haven unless the Fed lowers interest rates. #One
▪️ Miners' profit sales and still high production costs are the continuation of the process of realizing profit from the rise after #ETF. Market max stationary time
▪️Also, after the Halving, it crashed to 37,870 with a decrease of almost 90% from the daily average of 331,040.
▪️ Miner reserves are at the lowest level in the last 14 years at 1.9 million
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