According to Jinse Finance, on-chain analyst Yu Jin monitored that a Whale who sold TRUMP before Trump’s dinner plan missed out on a profit of 3.8 million USD. The Whale sold the TRUMP that he bought for the second time just 3 hours ago, losing not only the profit from the first sale but also 900,000 USD of the principal.
His investment journey on TRUMP:
On the morning of April 23, he sold 630,000 TRUMP at a price of $8.7, converting it into 5.483 million USDC, making a profit of $483,000. As a result, the evening dinner plan for Trump was announced, and the price of TRUMP skyrocketed to $16, causing him to miss out on a profit of $3.8 million.
In the following days, the price of TRUMP remained high due to favorable dinner plans, possibly driven by FOMO, as he re-entered TRUMP at a price of $15.39 on 4/27.
Early this morning, the price of TRUMP dropped by 13%. He sold his second purchase of TRUMP at a price of $11.29 just 3 hours ago. Not only did he lose the $483,000 profit from the first sale, but he also lost $900,000 of his principal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
