A whale investor in $TRUMP tokens has initiated a major sell-off over the past day, sparking a notable drop in the token’s value.
This particular trader managed to turn a $96 investment into over $3 million, representing an astonishing 32,000x return!
Back on August 12, 2023, the investor spent just 0.052 $ETH (around $96) to buy 608,650 $TRUMP tokens. Fast forward to today, and the sell-off began approximately six hours ago. So far, 6,000 $TRUMP tokens have been sold, generating 11.4 $ETH (about $30,000), leaving 594,564 $TRUMP tokens still in the wallet, valued at a staggering $3.06 million.
What can you do with $96?
This guy made over $3M with only $96, a 32,000x return!
He spent only 0.052 $ETH($96) to buy 608,650 $TRUMP on Aug 12, 2023, and started selling $TRUMP for a profit 6 hours ago.
So far, he has sold 6K $TRUMP for 11.4 $ETH($30K), leaving 594,564… pic.twitter.com/OacHY6a4RW
— Lookonchain (@lookonchain) October 18, 2024
Will $TRUMP Trader Sell Of Hold?
The question on everyone’s mind: will the legendary trader known as GCR liquidate their remaining $TRUMP holdings? So far, GCR has offloaded $4.05 million worth of $TRUMP today alone.
After transferring $2.3 million worth of $TRUMP into MEXC earlier today, GCR recharged an additional 425,000 tokens (valued at around $1.75 million) into the BTSE exchange just five minutes ago. As of now, only 39,000 tokens remain in the wallet. The part already sold has netted GCR an impressive $3.48 million in profit, with a cost basis of just $0.75 and a recharge price of $4.67.
传奇交易员 GCR 要清仓 $TRUMP 了？ 今日已累计抛售 405 万美金的 TRUMP🤔
既早上将价值 230 万美金的 TRUMP 充值进 MEXC 后，五分钟前 GCR 再次向 BTSE 充值 42.5 万枚代币（约 175 万美金）
目前该钱包仅剩余 3.9 万枚代币，疑似卖出的部分已获利 348 万美金（成本 $0.75，充值价格… pic.twitter.com/yzpGYWgy7t
— Ai 姨 (@ai_9684xtpa) October 19, 2024
Before today, GCR hadn’t traded $TRUMP for nine months, but this sudden activity has left the market speculating on whether the sell-off will continue. The crypto world is now watching closely.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: ramirezom/123RF // Image Effects by Colorcinch