TRUMP Crypto Whale Incurs Massive $15M Loss Amid Price Slump, Here’s How
The post TRUMP Crypto Whale Incurs Massive $15M Loss Amid Price Slump, Here’s How appeared on BitcoinEthereumNews.com.
A TRUMP crypto whale extended its overall losses to over $15 million as the PolitiFi token crashed roughly 10% this Friday. On-chain metrics indicated that the whale recently sold 743,947 tokens, worth almost $8 million, amid an ongoing price slump. This trade maneuver is what slammed the whale’s total losses to over $15 million with the token. TRUMP Crypto Whale Dumps Heavily Amid Sluggish Price Action According to an X post by Lookonchain on March 28, a TRUMP crypto whale sold $7.92 million worth of coins in the past 24 hours. This trade maneuver presented the trader with a severe $3.3 million loss. Meanwhile, it’s noteworthy that the selloff occurred at an average price of $10.66. Further, data suggested that this whale only profited on his first trade with the PolitiFi token. All other trades made subsequently brought losses to a total of $15.7 million. TRUMP Coin: A Fall From Grace The U.S. President-themed token gained significant traction across the market promptly after its inception. The PolitiFi token saw its price rise from $8 level to $74 within a week of its launch, securing a prominent spot on crypto traders’ radars. However, the buzz was short-lived as the TRUMP crypto’s price crashed to a $10 level to date. As of press time, TRUMP price cracked 9% intraday and exchanged hands at $10.35. The PolitiFi token slammed nearly 20% over the past month. Overall, the broader waning action appears to have prompted the whale’s selloff. Meanwhile, market watchers reflect a cautious approach as the dumps signal a loss of confidence in the asset’s future potential. Can TRUMP Price Recover? It’s worth mentioning that a recovery to previous highs remains highly questionable, given the current market scenario. Nevertheless, a renowned market analyst has recently conveyed a highly bullish outlook for the coin’s…
Filed under: News - @ March 28, 2025 8:27 pm