TRUMP sale begins? Whale is selling $23.82 million worth of assets

As we speak, January 19, 2024, whereas main cryptocurrencies look like struggling, Donald Trump’s newly launched meme coin, Official Trump (TRUMP), is making waves and gaining vital consideration from crypto fanatics. The potential purpose behind this consideration is the upward momentum of the TRUMP coin of over 300% and a message from the newly elected President Trump.

Crypto Whale Bought Whole TRUMP Meme Coin

On January 18, 2024, following a put up on X (previously Twitter), TRUMP’s value started to rise. Noticing the potential for upside momentum, a crypto whale spent a major 12 million USDC to buy 860,895 TRUMP meme cash at a mean value of $13.94.

Nevertheless, as the value continued to rise considerably, the identical whale dumped their complete TRUMP share at a mean value of $27.67, making a revenue of $11.8 million.

So as to add to this large sell-off, a crypto professional on

TRUMP Value Momentum

Regardless of this substantial dumping, TRUMP reached a excessive of $35. Nevertheless, attributable to some revenue taking, the value now seems to be correcting. On the time of writing, the meme coin is buying and selling at $27.75, making a major acquire of 330% within the final 24 hours.

This vital value enhance over the previous 24 hours has constantly attracted new buyers and crypto giants, contributing to the continued value will increase the meme coin is experiencing.

With solely 200 million TRUMP out of the overall provide of 1 billion at the moment in circulation, issues are mounting in regards to the potential influence of future token releases. A major inflow of tokens into the market may result in value drops and corrections.