Official Trump: This Trader Made $22 Million With TRUMP

US President Donald Trump launched an authoritative cryptocurrency, Official Trump (TRUMP), earlier this month. The asset’s terms skyrocketed upon launch, climbing into the apical 30 projects by marketplace cap. The coin deed an all-time precocious of $73.43 connected Jan. 19, 2025, 1 time earlier Trump’s inauguration. The plus has since fallen by astir 65% from its peak.

Also Read: Gold Drops 2% arsenic Dollar Surges: Fed Rate Decision Shakes Markets!

Official Trump In The Red

Source: Axios

TRUMP is presently down 11.2% successful the regular charts and 50.8% implicit the erstwhile week. The dip is apt owed to the bearish sentiment that looms implicit the crypto market.

Source: CoinGecko

The latest crypto marketplace dip is apt owed to larger macroeconomic conditions. The US dollar is picking up steam and investors are putting their funds successful safer assets. President Trump announced immoderate bullish quality for the crypto manufacture arsenic soon arsenic helium entered office. The announcements person failed to garner overmuch steam successful the market.

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Trader Makes $22 Million

According to cryptocurrency investigation steadfast LookOnChain, a whale by the sanction of “traderpow” made $22.7 cardinal with Official Trump (TRUMP). The trader bought 1.03 cardinal TRUMP coins erstwhile the plus was trading astatine $1.79 and sold them erstwhile the coin deed $23.84, making a nett of $22.7 million.

Despite the monolithic gains, the trader sustained a dense nonaccomplishment recently. They purchased 309,514 TRUMP coins for $16.7 cardinal erstwhile the plus was trading astatine $53.93. According to LookOnChain, the trader has truthful acold mislaid $8.48 million.

Whale "traderpow" who made $22.7M connected $TRUMP spent $16.7M to bargain 309,514 $TRUMP($8.21M) astatine $53.93 and has present mislaid $8.48M.

traderpow antecedently bought 1.03M $TRUMP astatine 1.79 and sold astatine $23.84, making a nett of $22.7M.https://t.co/pOpjAW4RIh pic.twitter.com/j9ydYfC2IS

Official Trump (TRUMP) could prime up steam implicit the adjacent fewer weeks, fixed the macroeconomic worries dice down. If ostentation successful the US dips, the Federal Reserve could present an involvement complaint cut. The improvement could pb to a emergence successful capitalist sentiment.

Also Read: Bitcoin At $98K: Why Is The Cryptocurrency Market Down Today?