{"id":20902,"date":"2025-02-04T17:40:37","date_gmt":"2025-02-04T15:40:37","guid":{"rendered":"https:\/\/forklog.com\/en\/whales-bet-on-trump-results-in-21-million-loss\/"},"modified":"2025-02-04T17:40:37","modified_gmt":"2025-02-04T15:40:37","slug":"whales-bet-on-trump-results-in-21-million-loss","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/whales-bet-on-trump-results-in-21-million-loss\/","title":{"rendered":"Whale&#8217;s Bet on TRUMP Results in $21 Million Loss"},"content":{"rendered":"<p>A major holder of the meme token Official Trump (TRUMP), who had gained $11.8 million in January, has now faced unrealized losses amounting to $21 million. Analysts at Lookonchain highlighted this development.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This whale who made a $11.8M profit on <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a> spent another $33.9M to buy 766,083 <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TRUMP<\/a> at $44.25 and has now lost $21M.<\/p>\n<p>He lost all his profits and over $9M of his initial capital!<a href=\"https:\/\/t.co\/WTxtGTRK8z\">https:\/\/t.co\/WTxtGTRK8z<\/a> <a href=\"https:\/\/t.co\/SR3Vq0dNA3\">pic.twitter.com\/SR3Vq0dNA3<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1886704116652810567?ref_src=twsrc%5Etfw\">February 4, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On January 18, the trader <a href=\"https:\/\/solscan.io\/account\/EwkH5aEmKEAC2M8eh8x8XVkNyPTZt1PSUH875bXrVmjP#defiactivities\">spent<\/a> 12 million USDC to purchase 860,895 TRUMP at a price of $13.94. He then sold it at $27.67, earning a profit of $11.8 million.<\/p>\n<p>Later, he acquired an additional 766,083 TRUMP for $33.9 million when the token was valued at $44.25. However, following a sharp decline in the asset&#8217;s value in early February, he lost $21 million, wiping out his previous profits and more than $9 million of his initial capital.<\/p>\n<p>Meanwhile, analysts at Arkham <a href=\"https:\/\/intel.arkm.com\/explorer\/address\/Gu2bnmz7rEn1HkZPFCcXeLotpnDNHFRtomqkNPvCxmni\">reported<\/a> that on February 4, a new wallet withdrew 10 million USDC from the Binance exchange and then converted it through DEX Jupiter into 6.68 million <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\">MELANIA<\/a>. This made it the tenth largest holder of the meme coin, accounting for approximately 0.67% of the total supply.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A new address: Gu2bnm\u2026vCxmni withdrew 10 million USDC from Binance at 17:47 UTC+8 today, and then through Jupiter to convert them into 6.689 million Trump&#8217;s wife&#8217;s token MELANIA, making it the tenth largest holding address, accounting for about 0.67% of the total.\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1886765729544069435?ref_src=twsrc%5Etfw\">February 4, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in February, a significant downturn in the crypto market led to a 75% drop in TRUMP&#8217;s price from its peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major holder of the meme token Official Trump (TRUMP), who had gained $11.8 million in January, has now faced unrealized losses amounting to $21 million. Analysts at Lookonchain highlighted this development. This whale who made a $11.8M profit on $TRUMP spent another $33.9M to buy 766,083 $TRUMP at $44.25 and has now lost $21M. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1227,1161],"class_list":["post-20902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-cryptocurrency-transactions","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20902"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20901"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}