On May 29th, COINOTAG reported significant activity in the crypto market as SKY, a notable participant at a recent Trump banquet, made a substantial deposit of 100,000 TRUMP tokens to the Bybit exchange. This transaction, valued at approximately $1.26 million, follows a series of movements totaling 390,000 TRUMP tokens since May 2nd, representing a cumulative worth of $4.89 million at an average deposit price of $12.51.
The strategic positioning within the market is noteworthy; however, based on current estimations, the withdrawal price stands at $13.71, indicating a potential unrealized loss for SKY of around $471,000. This significant figure underscores the volatility inherent within the crypto landscape and highlights the implications of market dynamics for investors actively engaging with such assets.
Source: https://en.coinotag.com/breakingnews/skys-1-26-million-trump-deposit-to-bybit-sparks-market-interest/