{"id":81720,"date":"2024-06-18T06:33:31","date_gmt":"2024-06-18T10:33:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81720"},"modified":"2024-06-18T06:34:03","modified_gmt":"2024-06-18T10:34:03","slug":"trump-token-whale-nets-3-7m-profit-amid-memecoin-decline","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/trump-token-whale-nets-3-7m-profit-amid-memecoin-decline\/","title":{"rendered":"Trump Token Whale Nets $3.7M Profit Amid Memecoin Decline"},"content":{"rendered":"\n

A Trump Token whale<\/a> made a $3.7 million profit by selling 171,000 tokens amid a market sell-off.<\/p>\n\n\n\n

\"Trump
Trump Token Whale Nets $3.7M Profit Amid Memecoin Decline<\/figcaption><\/figure>\n\n\n\n

The current market sell-off has resulted in a $3.7 million profit for a significant memecoin holder, or whale, who sold his Maga (TRUMP) tokens.<\/p>\n\n\n\n

In the past 24 hours, whale wallet ‘0x52C0' has sold over 171,000 Trump tokens for a total of 414 Ether, which is worth $1.44 million. This has resulted in a total profit of over $3.7 million.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The shrewd whale's wallet still contains 28% Trump tokens, which are valued at $372,000. His most valuable asset is the BasedAI (BASEDAI) coin, which accounts for over 71% of his portfolio and is valued at $921,000.<\/p>\n\n\n\n

According to CoinStats, the whale wallet was valued at $7.53 million at its highest point on June 2.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Just as the Trump token\u2019s price began to decline, the whale initiated the process of locking in its profits.<\/p>\n\n\n\n

The Trump coin reached a low of $7.88 in the 24 hours preceding 09:00 AM in UTC, a decrease of more than 30%. According to CoinMarketCap\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> data, the memecoin has experienced a decline of over 37% on the weekly chart.<\/p>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Rumors that Donald Trump's team had launched a “official” token on Solana caused cryptocurrencies associated with Trump to experience a decline. Nevertheless,<\/p>\n\n\n\n

According to a June 17 X post by Pirate Wires, Barron, Trump's 18-year-old son, was “spearheading” the token, which was known as TrumpCoin (DJT).

Nevertheless, the token launch has not been validated by Donald Trump's team, and blockchain data firms<\/a> like Bubblemaps are confident that DJT is not associated with the presidential candidate.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Trump Token whale made a $3.7 million profit by selling 171,000 tokens amid a market sell-off. The current market sell-off has resulted in a $3.7 million profit for a significant memecoin holder, or whale, who sold his Maga (TRUMP) tokens. In the past 24 hours, whale wallet ‘0x52C0′ has sold over 171,000 Trump tokens […]<\/p>\n","protected":false},"author":36,"featured_media":81726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[650,20070],"class_list":["post-81720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-memecoin","tag-trump-token-whale"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/cac972b2b3c3458492d67f8c616b15e1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81720"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81726"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}