When Crypto Whales Turn to Memecoins, Loses Reach Stratospheric Levels

Dear Diary, there’s a crypto whale out there who seems to be on a mission to empty his pockets into the TRUMP memecoin abyss. 🐳💼

According to the blockchain sleuths at Lookonchain, our poor whale has lost a staggering $16 million this month on his TRUMP memecoin trades. Talk about a whale of a loss! 🎟️📉

“This whale sold 743,947 TRUMP ($7.92 million) at $10.66 the other day – taking another $3.3 million loss on TRUMP! He only profited on his first TRUMP trade. The next three were all losses, bringing his total loss to $15.7 million.”

Earlier in the month, the same whale was riding high after making nearly $12 million on his initial TRUMP trade. But it seems the high of those early wins quickly gave way to the sinking feeling of multiple losses. 🌊👇

“This whale made $11.82 million on his first TRUMP trade, lost $24.35 million on the second, and took another $201,000 loss on the third! Now, he’s back-spending $11.28 million to buy 777,684 TRUMP at $14.50. Will he turn a profit this time?”

Other whales are also feeling the pinch on their recent TRUMP trades. One particularly deep-pocketed investor lost $207,000 this week after spending $5 million worth of USDC to accumulate the memecoin right after President Donald Trump posted “I LOVE TRUMP” on his social media platform Truth Social, according to Lookonchain. 🖼️💔

President Trump launched the memecoin in January, just days before his inauguration. TRUMP is currently trading at $10.27, down 8.1% in the last 24 hours. It seems the love for TRUMP might not be as bottomless as some whales hoped. 💔مستثمر

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2025-03-29 12:22