Crypto Whales Miss Out on Millions After Selling TRUMP Token Too Early
23.01.2025 17:30 2 min. read Alexander Zdravkov
A recent report from blockchain analytics firm Lookonchain highlights how a prominent crypto trader, known as "LeBron," missed a potential fortune by prematurely selling a newly launched memecoin called TRUMP.
The trader offloaded over 4.5 million tokens at an average price of $1 each, securing $4.52 million but forfeiting a staggering $180 million in profits as the token’s value later skyrocketed.
LeBron’s attempt to reenter the market only deepened the loss. After buying back TRUMP for 2.5 million USDC, the trader sold shortly after for 2.43 million USDC, taking an additional hit of $67,000. This misstep was not an isolated case, as other whales also failed to capitalize on TRUMP’s dramatic price surge.
One investor purchased 2.65 million TRUMP tokens for 500,000 USDC, only to sell them for 1.35 million USDC, missing out on an unrealized profit of $158.7 million. Similarly, another whale spent 1 million USDC to buy 2.64 million tokens, which are now worth $159.7 million, but exited early, pocketing just 2.36 million USDC. A third trader, who swapped 1,700 SOL for TRUMP tokens valued at $108 million today, sold early for only 3,544 SOL, leaving a massive windfall behind.
The launch of TRUMP on the Solana blockchain appears to have triggered a trading frenzy. Lookonchain reported that Circle, the issuer of USDC, minted an additional 2.5 billion USDC on Solana shortly after the memecoin debuted, underscoring the heightened market activity surrounding this speculative asset.
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