A whale rocked the cryptocurrency world by selling over $2 million worth of $TRUMP tokens, sparking speculation on the reasons behind this unexpected move. As prices plummet, the mystery surrounding this volatile situation intertwines controversial profits and political intrigue.
A significant operation has impacted the cryptocurrency market. A crypto whale, known by the pseudonym “cryptowhale21”, has offloaded 285,000 $TRUMP tokens for an approximate amount of around $2.17 million.
This sale comes at a time when this investor had previously amassed impressive profits, estimated at over $18 million, on the same asset.
Introduced during the golden age of memecoins in January 2025, the TRUMP token is going through a tumultuous period. According to CoinGecko and CoinMarketCap, its price now hovers around $7.62, far from its all-time high of $73.20, marking a decline of nearly 89%.
With a market capitalization of $1.48 billion, it ranks 47th among cryptocurrencies, with a daily trading volume of $875 million.
Recent figures are alarming: a 14.80% drop in 24 hours and a loss of 21.50% over the past seven days. This trend contrasts with the relative stability of the overall crypto market.
This move puzzles observers. Why would a whale agree to liquidate a position at a loss? Several scenarios emerge:
According to discussions on X, trader Pow is believed to be behind this massive sale and the holder of the wallet. He even responded to those mocking his loss-making sale. Therefore, it seems to be a sale without regrets:
“As I said two months ago, at worst, it’s a roundtrip. I still lost a few million dollars compared to the overall transaction, given the size, to get there. I’ve been transacting for months, I’ve seen my diamond handing at -90%, and yet, I was vilified by being accused of buying tokens (while I publicly traded for 4 years) when I still made millions from this transaction.”
2025 has not been kind to memecoins. After a chaotic start, some assets like FARTCOIN (+105% in March) or SPX6900 (+100%) show signs of recovery. However, the category remains a minefield, where whales like “cryptowhale21” can sway prices in an instant. The sensitivity to market sentiments is heightened, making every move closely watched.
While some investors face losses, the creators of TRUMP seem to be thriving. Estimates suggest they have pocketed around $95 million from transaction fees in the first two weeks post-launch, a figure that skyrocketed to $340 million in three weeks. An achievement that starkly contrasts with the struggles of token holders.
The $TRUMP token is more than just a financial venture. Its association with Donald Trump draws criticism, especially from Democratic lawmakers in the US. They denounce an “opportunistic exploitation” of the public, highlighting the profits made by the creators. This controversy could attract regulators’ attention, with potential repercussions across the memecoin space.
This spectacular sale could signal a decisive turn. If other large holders follow in the footsteps of “cryptowhale21”, downward pressure may intensify. Conversely, the crypto market is known for its unexpected rebounds. While some memecoins regain ground, $TRUMP could still surprise.
One thing is certain: this event highlights the unpredictable nature of memecoins, reliant on the actions of big whales. Between rapid gains and harsh setbacks, they remain a bold gamble where caution is advised.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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