Whale Loses $207K Trying To Trade Presidents Endorsement of His Memecoin TRUMP
A crypto whale who previously made $108 million on the President Donald Trump-linked memecoin Official Trump (TRUMP) has been burnt trying to replicate his success.On Monday, March 24, crypto smart money tracker Lookonchain reported that this whale, who had made $108 million from a $1 million investment in TRUMP at its launch, had lost $207,000 trying to trade the memecoin again over the weekend.Specifically, the whale purchased over 400,000 TRUMP for $5 million only to exit the trade with just above $4.79 million an hour later.https://twitter.com/lookonchain/status/1903989438793093315 The loss comes as the trader appeared to try to profit off an endorsement from the president on Sunday, March 23. In a Truth Social post on the day, Trump asserted that he loved the memecoin, adding that it was "The Greatest of them all!!!!!!!!!!!!!!"
Text source: The Crypto Basic
