• A TRUMP whale spent $33.9 million to buy 766,083 TRUMP at $44.25.
• The whale earned $11.8 million profit during the launch of the meme coin.
• The whale faces losses worth $9 million on its initial capital while losing the $11 million profit.

An $TRUMP meme coin whale has literally wiped out all its initial profits and now is starting at a fat loss. The wallet had earned $11.8 million at launch, but panic and greed led it to invest another $33.9 million to buy 766,083 TRUMP at $44.25.

According to the data provided by blockchain analysis platform Lookonchain, the wallet is down $21 million, with a $9 million hit to its initial capital. Currently, the meme coin is trading at $17.29, a 2.73% drop over the past 24 hours, according to CoinMarketCap data. However, the cryptocurrency’s trading volume holds strong at $2.92 billion. 

Meanwhile, analysts on X (formerly Twitter) pointed out that the token could hit new all-time highs and even surpass Dogecoin (DOGE) as the top meme coin. DOGE’s price rally came after Tesla CEO Elon Musk backed the project. A similar rally for TRUMP, linked to US President Donald Trump, might occur this cycle. 

Related: Dogecoin,…

The post $TRUMP Whale Wipes Out Profits and More—A $21M Lesson in FOMO appeared first on Coin Edition.

• A TRUMP whale spent $33.9 million to buy 766,083 TRUMP at $44.25.
• The whale earned $11.8 million profit during the launch of the meme coin.
• The whale faces losses worth $9 million on its initial capital while losing the $11 million profit.

An $TRUMP meme coin whale has literally wiped out all its initial profits and now is starting at a fat loss. The wallet had earned $11.8 million at launch, but panic and greed led it to invest another $33.9 million to buy 766,083 TRUMP at $44.25.

According to the data provided by blockchain analysis platform Lookonchain, the wallet is down $21 million, with a $9 million hit to its initial capital. Currently, the meme coin is trading at $17.29, a 2.73% drop over the past 24 hours, according to CoinMarketCap data. However, the cryptocurrency’s trading volume holds strong at $2.92 billion. 

Meanwhile, analysts on X (formerly Twitter) pointed out that the token could hit new all-time highs and even surpass Dogecoin (DOGE) as the top meme coin. DOGE’s price rally came after Tesla CEO Elon Musk backed the project. A similar rally for TRUMP, linked to US President Donald Trump, might occur this cycle. 

Related: Dogecoin,…

The post $TRUMP Whale Wipes Out Profits and More—A $21M Lesson in FOMO appeared first on Coin Edition.