Recent analysis indicates that even prominent crypto investors can have off moments, with one losing more than $15.5 million during a turbulent period with the TRUMP memecoin.
Investors in the TRUMP (TRUMP) memecoin have recently faced significant losses, with some individuals losing millions despite earlier profits. According to analysts, one trader sold over 743,940 TRUMP tokens, totaling $7.92 million, at a price of $10.66 each, resulting in a loss of $3.3 million.
As noted by analysts, the trader “only made a profit on the initial TRUMP transaction,” highlighting that “the subsequent three trades all ended in losses,” which brought their overall loss to $15.7 million. This trend didn’t affect just a single trader; data reveals that numerous others have also encountered setbacks as excitement around the TRUMP memecoin appears to have diminished.
Earlier in March, another trader also experienced turbulence with the Trump-backed memecoin. They realized a profit of $11.82 million from their first TRUMP trade, but went on to incur a loss of $24.35 million on their second trade, followed by an additional loss of $201,000 on the third.
The TRUMP memecoin, which saw a price surge after Trump mentioned it on Truth Social, reached a peak of $73.43 on January 19. However, like many tokens of this nature, its value has significantly declined, currently trading around $10.38, reflecting an 86% drop from its all-time high.