According to blockchain tracking firm Lookonchain, a whale investor named “LeBron” missed a $180 million profit opportunity by selling the new memecoin TRUMP too early. LeBron sold TRUMP for an average of $1, giving up 4.5 million coins.
TRUMP Coin Sales Were Made Early
LeBron sold TRUMP for 4.52 million USDC, making $185 million. However, the price increased after the coin’s value reached double digits, causing LeBron to miss out on a huge profit opportunity.
Early Sales by Other Whale Investors
Lookonchain noted that other crypto whale investors also missed big profit opportunities by selling TRUMP early. For example, GoM5 bought TRUMP for 500,000 USDC and sold it at a lower price.
LeBron exited early by selling 4.52 million TRUMP, missing out on a $180 million profit opportunity.
TRUMP Coin Market Status
TRUMP is trading at $38.74 at the time of writing and has decreased by 19.6% in the last 24 hours. Following the launch of the coin on the Solana network, the production of 2.5 billion USDC on the Solana network caused an intense movement in trading activities.
Early sell-offs on the TRUMP coin suggest that investors face high risks due to the volatile nature of digital assets. Such transactions require investors to be careful and follow market trends closely.
Additionally, TRUMP coin’s performance in the current market once again reveals the difficulty for investors in estimating the value of digital assets. Potential high returns can also bring significant losses.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
