"Whale Investor Sells 590,000 OfficialTrump (TRUMP), Incurring a Loss of Approximately 2.4 Billion KRW"
Minseung Kang
Summary
- A whale investor reportedly sold all 590,000 of the meme coin OfficialTrump (TRUMP), incurring a loss of 2.4 billion KRW.
- The selling investor is said to have an address starting with EwkH5.
- It is reported that the current market conditions are difficult, and even whales are cutting losses on meme coins and other altcoins.
It has been revealed that a whale investor has made a large-scale sell-off of the meme coin OfficialTrump (TRUMP), themed after U.S. President Donald Trump.
On the 28th, on-chain analyst ai (ai_9684xtpa) stated on X (formerly Twitter), "The whale investor with an address starting with EwkH5 has sold all 590,000 TRUMP held over the past 3 hours," adding, "The investor incurred a loss of 1.67 million USD (approximately 2.4 billion KRW) from this sale."
ai added, "The current market is not easy. Even whales are cutting losses on meme coins and other altcoins."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
