The Official Donald Trump (TRUMP) coin spurred by 58% overnight after the United States President announced an unusual perk for the meme coin holders. According to Trump himself, a selection of the largest TRUMP coin holders will be eligible to meet him in Washington, DC for dinner.
Trump Dinner News Serve Boost For TRUMP Coin
According to the official announcement, this offer applies to the TOP 200 biggest TRUMP crypto holders. The Presidential deed sparked a massive bull run for the otherwise plunging TRUMP coin, whipping up 32% of these gains over the past 24 hours.
Sponsored
Now, the 47th President’s own crypto approaches TOP 50 by global market cap & is back at a double-digit price for the first time in three weeks.
However, some large-scale crypto players, otherwise known as crypto whales, have succumbed to massive deficits in the form of unrealized gains. In one unfortunate story discovered by the blockchain analysis platform LookOnChain, a huge TRUMP crypto whale got rid of 630,339 TRUMP coins hours ahead of the Trump dinner announcement.
By doing so, this particular crypto whale missed out on $4.5 million in unrealized profits, but still ended up making a profit of approximately $483,000. The green candle sticks hours later took TRUMP crypto to a new monthly peak of $15.33, but the gap between TRUMP coinโs current price and the all-time high on Inauguration Day is still beyond 83%.
On The Flipside
- Top blockchain detective Cofeezilla alleges that Donald Trumpโs team specifically changed the meme coin status from unregistered securities to digital collectibles in order to make TRUMP coin legal.
Why This Matters
Staying ahead of the market chaos proves to be a challenge even for the most experienced crypto aficionados, sometimes leading to ill-timed investment decisions.
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