The price of $TRUMP has surged by 17% today, reaching a new all-time high of $15.51. This significant rise has been driven by substantial purchasing activity, reflecting growing investor confidence and speculation around the token.
One notable investor recently withdrew 1.16 million USDT from Binance and spent 1.15 million USDT to acquire 118,671 $TRUMP at an average price of $9.69 over the past two weeks. This strategic move has yielded an unrealized profit of $540,000, showcasing the potential gains from timely investments in $TRUMP.
The price of $TRUMP has reached an all-time high again today!
Someone withdrew 1.16M $USDT from #Binance and spent 1.15M $USDT to buy 118,671 $TRUMP at an average price of $9.69 in the past two weeks.
He has an unrealized profit of $540K on $TRUMP currently.… pic.twitter.com/NUGarQmBOT
— Lookonchain (@lookonchain) May 29, 2024
Another trader has seen even more dramatic returns by betting on $TRUMP in a big way. After Donald Trump announced his re-run for presidency last November, this trader invested 541,000 USDT to buy 1.079 million $TRUMP.
Traders Hold Hits New ATH, Valued At $15.7 Million, Resulting From $15.3 Million Returns
Despite the volatility, he held onto his investment through a significant pump in April, where the maximum profit could have been $11 million if sold at the peak. Now, with $TRUMP hitting a new ATH, this trader’s holdings are valued at $15.7 million, marking an estimated profit of $15.3 million, a remarkable 28-fold return.
This trader betted on #MAGA $TRUMP and is actually winning big (x28)!
• spent 541K $USDT to buy 1.079M $TRUMP, a week after Donald Trump announced his re-run last Nov.
• firmly held $TRUMP through the big pump in Apr (max profit if selling: $11M).
• now holds $15.7M worth… pic.twitter.com/HbJpQTc5KP
— Spot On Chain (@spotonchain) May 29, 2024
The current market momentum for $TRUMP indicates strong speculative interest, buoyed by political developments and investor sentiment. As the price continues to climb, it highlights the potential rewards for those willing to take risks on volatile, meme-based cryptocurrencies.
These trades underscore the lucrative opportunities that can arise from strategic market participation and timing, especially in the rapidly evolving crypto space.
Investors should, however, remain cautious and consider the inherent risks associated with such high volatility and speculative assets. The success stories of these traders serve as a reminder of both the potential gains and the significant risks present in the world of cryptocurrency trading.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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