Here's Why TRUMP Meme Coin Price Will Recover
- WBOYOriginal
- 2024-06-19 12:12:56703browse
The TRUMP meme coin, which has been on a positive surge for quite some time, has suddenly experienced a selloff by several whale investors.
TRUMP Meme Coin Price Drops 30% After Whale Sells Tokens for $1.44M
The TRUMP meme coin, which has been surging massively over the last few days, has experienced a selloff by several whale investors, who are cashing out on the meme coin’s impressive price rally.
According to data from Lookonchain, one of the largest TRUMP whale investors, known as 0x52C0, sold 171,842 TRUMP tokens for 414 ETH (approximately $1.44 million) in the past 24 hours. This selloff realized a 1428% profit on their investment.
Another whale, identified as sighduck.eth, sold 173,542 TRUMP for 1.25 million USDC in a single trade, pocketing a 1500% gain. Furthermore, another whale, 0x35D1, sold 128,059 TRUMP for 204 ETH ($703.6k) in one transaction, securing a 1164% profit.
TRUMP Meme Coin Surges on Fake News, But Can It Last?
The recent surge in TRUMP’s price is largely due to the circulation of fake news, which suggests that former U.S. President Donald Trump launched the meme coin on the Solana blockchain. This news, combined with Trump’s previous vocal support for cryptocurrencies and his campaign’s decision to accept crypto donations, has attracted a flood of investors looking to capitalize on the hype around the meme coin.
However, it has been revealed that the news of Trump’s direct involvement in launching the meme coin is false, and TRUMP remains the largest and most prominent meme coin in the ecosystem supporting the former U.S. president. On the other hand, Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
News source：https://www.kdj.com/cryptocurrencies-news/articles/trump-meme-coin-price-recover.html
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