Because the highly-anticipated Donald Trump VIP dinner for a choice of meme coin holders seems to be a flop, two crypto whales have cashed out massively. On Sunday morning, two massive TRUMP coin traders selected to take a loss as an alternative of protecting the PolitiFi meme coin for an extended time frame.
Solana Whales Give up To Large TRUMP Losses
First, one Solana crypto whale removed 337,560 TRUMP crypto tokens, shedding $1.38 million within the course of. Beforehand, this Solana meme coin investor made a stable revenue of $196K on america President’s signature meme coin.
In the meantime, the other Solana whale in query was $732K up on Official Trump (TRUMP) coin earlier than, however determined to promote 427,568 TRUMP cash on Sunday morning to an eye-watering $961K deficit. Moreover erasing the earlier features, the 2 unlucky Solana crypto whales additionally succumbed to a $1.42 million principal deficit.
What Triggered The Multi-Million TRUMP Coin Promote-Off?
Certainly, the Official Trump (TRUMP) coin dumped from $12.72 to $11.38 in three hours on Saturday night. The shortly shifted sentiment surrounding the presidential meme coin may have come as a result of an ethics probe by Democratic Senators Adam Schiff & Elizabeth Warren, alleging “pay to play” kind of corruption.
If that’s confirmed, Donald Trump may need a tough time establishing the dinner on Might 22, 2025. At the moment, the official Trump coin web site claims that the TOP 220 holders are eligible for this supply, whereas the TOP 25 largest TRUMP crypto holders are invited to an unique meet & greet earlier than dinner.
On prime of that, the most important TRUMP con holders get a ticket to a particular VIP tour across the fanciest areas of Washington, DC a day after eating with Donald. Whereas the VIP meme coin holder dinner continues to be in play, TRUMP crypto value sustains above $11 after a 2% restoration in 24 hours, in accordance with CoinGecko.
On The Flipside
- Based on Chainalysis analysis, the chief staff behind the Official Trump coin raked a whopping $900K in buying and selling charges in two days for the reason that Trump dinner announcement.
Why This Issues
Massive political figures collaborating in crypto may be difficult for the traders, in addition to regulators. Nonetheless, it paves the best way for retail adoption, opening discussions in regards to the boundaries of crypto endorsement amongst celebrities.
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