Trump Whale Cashes Out, Nets Over $3M Profit Amid Market Dip

A whale investor in $TRUMP tokens has initiated a major sell-off over the past day, sparking a notable drop in the token’s value.

This particular trader managed to turn a $96 investment into over $3 million, representing an astonishing 32,000x return!

Back on August 12, 2023, the investor spent just 0.052 $ETH (around $96) to buy 608,650 $TRUMP tokens. Fast forward to today, and the sell-off began approximately six hours ago. So far, 6,000 $TRUMP tokens have been sold, generating 11.4 $ETH (about $30,000), leaving 594,564 $TRUMP tokens still in the wallet, valued at a staggering $3.06 million.

Will $TRUMP Trader Sell Of Hold?

The question on everyone’s mind: will the legendary trader known as GCR liquidate their remaining $TRUMP holdings? So far, GCR has offloaded $4.05 million worth of $TRUMP today alone.

After transferring $2.3 million worth of $TRUMP into MEXC earlier today, GCR recharged an additional 425,000 tokens (valued at around $1.75 million) into the BTSE exchange just five minutes ago. As of now, only 39,000 tokens remain in the wallet. The part already sold has netted GCR an impressive $3.48 million in profit, with a cost basis of just $0.75 and a recharge price of $4.67.

Before today, GCR hadn’t traded $TRUMP for nine months, but this sudden activity has left the market speculating on whether the sell-off will continue. The crypto world is now watching closely.

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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Source: https://nulltx.com/trump-whale-cashes-out-nets-over-3m-profit-amid-market-dip/