Crypto Whales Sell $74 Million in TRUMP Tokens Amid Price Decline
The recent activity surrounding the TRUMP token has garnered attention following Donald Trump's inauguration ceremony. Initially, investor enthusiasm for meme coins was high, but the TRUMP token has seen a significant decline in value.
Key Events
- TRUMP token appreciated after launch but has dropped over 30% in the last 24 hours, currently priced around $40.69.
- A wallet named Ansem sold 194,799 TRUMP tokens for $6.83 million, incurring a loss of approximately $2.55 million.
- An unidentified wallet transferred 1,621,351 TRUMP tokens to another unknown wallet.
- Combined transactions worth $74.22 million occurred shortly after Trump's second oath of office.
- MELANIA token experienced a 54% decline, while BONK and WIF are down by 15.78% and 13.70%, respectively.
Despite the downturn, some analysts suggest potential buying opportunities for investors as the market adjusts to current conditions.