Donald J Trump tokens have emerged as one of the top trending tokens over the past 24 hours, according to Santiment feed data.
This surge in attention comes in the wake of a recent controversy surrounding Trump-themed memecoins.
Amid this turmoil, a significant whale took advantage of the situation, selling 103,759 TRUMP tokens for $867,000 over the past 24 hours. This large-scale sale was executed by Whale 0x523, who swapped 103,759 TRUMP for 245.6 ETH, valued at $867,000, within the last 19 hours.
Amid the recent #Trump-themed memecoins controversy, a whale decided to sell 103,759 $TRUMP ($867K) in the past 24 hours for profits!
The whale bought 495K $TRUMP with only 250K $USDT on Jan 19,
And now has 386K $TRUMP ($3M) left.
The est. total profit is $3.66M (+1,463%)!… pic.twitter.com/QYll4Uyjjc
— Spot On Chain (@spotonchain) June 20, 2024
Whale Records $3.7 Million In Profits From Holding TRUMP Token
Interestingly, this whale initially bought 495,000 TRUMP tokens for just 250,000 USDT on January 19, 2024. Despite the recent sale, the whale still holds 385,686 TRUMP tokens, valued at $3.1 million. The whale’s total estimated profit from these transactions stands at a staggering $3.7 million, marking an impressive 1,479% gain.
However, the price of TRUMP tokens has declined by 19% in the past 24 hours, reflecting the volatile nature of this controversial memecoin.
📊 The coins seeing the largest rise in trader interest right now are:
👍 Ethereum: SEC ending Ethereum investigation, Pantera Capital’s plan to purchase $100 million worth of Ethereum
🇺🇸 Donald J. Trump: Martin Shkreli admitting to co-creating the token with Barron Trump pic.twitter.com/38OgDTRNki
— Santiment (@santimentfeed) June 20, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: skorzewiak/123RF // Image Effects by Colorcinch
Source: https://nulltx.com/donald-j-trump-tokens-trend-amidst-controversy-whale-cashes-in-big-profits/