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 for a total of 414 Ether, which is worth $1.44 million. This has resulted in a total profit of over $3.7 million.
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.
According to CoinStats, the whale wallet was valued at $7.53 million at its highest point on June 2.
Just as the Trump token’s price began to decline, the whale initiated the process of locking in its profits.
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 data, the memecoin has experienced a decline of over 37% on the weekly chart.
Rumors that Donald Trump’s team had launched a “official” token on Solana caused cryptocurrencies associated with Trump to experience a decline. Nevertheless,
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 like Bubblemaps are confident that DJT is not associated with the presidential candidate.
