CandleFocus TRUMP meme coin exposes cracks in crypto’s equal access narrative
2025-02-03
Author: Content Editor
A buyer, referred to as a "TRUMP whale," made a profit of $11.87 million after cashing out 637,000 TRUMP tokens. The buyer had purchased the tokens for $720K shortly after the memecoin launched and sold them for $12.59M. However, if sold at the peak price, the profit could have been $46.51 million. Late buyers have not seen the same success, and many have lost money. The launch of TRUMP caused chaos in the crypto markets, with whales buying up large chunks of the token supply. These whales made $214.3 million in profits within the first 48 hours. Two Trump-linked companies control 80% of TRUMP's entire supply, and their potential selling could cause a major price crash. TRUMP is currently down 66% from its all-time high but is still holding its position among the top 40 cryptocurrencies by market value.
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