The frenzy around the Official Trump (TRUMP) meme coin has delivered a massive payday for one crypto trader.
Using a bold strategy, the investor converted a $1.22 million position in Fartcoin into nearly $1.96 million worth of TRUMP in a lightning-fast move that captured the market’s surge.
According to blockchain tracking platform Lookonchain, the trader moved their entire Fartcoin stash into TRUMP tokens through the Jupiter Aggregator. The timing couldn’t have been better: within a day, the portfolio swelled by roughly $670,000 as TRUMP’s price exploded.
This wasn’t their first winning move either. In the days leading up to the swap, the same trader had repeatedly flipped Fartcoin for steady profits, indicating a strategy of sharp, opportunistic trading.
The backdrop for this frenzy is a once-in-a-lifetime incentive: a dinner event with Donald Trump himself. Only the top 25 TRUMP holders will be invited to a private reception, fueling a surge in whale activity as investors scramble to climb the rankings.
Other players are making aggressive moves too. One trader reportedly dumped $300,000 into TRUMP for a chance at an invitation, while another spent $5.2 million re-entering the market after initially cashing out — scooping up over 337,000 tokens at an average price of $15.39.
As the TRUMP coin’s momentum heats up, fortunes are being made — and possibly lost — in a meme-fueled race where political fandom and speculative trading collide.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/heres-how-a-crypto-trader-made-670k-by-riding-the-trump-token-surge/