Recent reports from COINOTAG indicate a significant transaction involving the newly launched cryptocurrency TRUMP. Five hours ago, an early investor capitalizing on the momentum liquidated 637,000 TRUMP tokens, netting an impressive $12.59 million in the process. This investor had initially acquired the tokens for merely $0.72 million, purchasing them with 3,000 SOL shortly after TRUMP’s debut, at a low price of $1.14 per token.
The strategic sale yielded a remarkable average selling price of $19.76 per TRUMP token, translating to a staggering 16.4x return on investment. Notably, the investor’s portfolio indicated a peak unrealized gain of $46.51 million during the price surge; however, market fluctuations led to a reduction in profits, amounting to $33.91 million down from the peak. This transaction exemplifies the volatility and potential profitability inherent in the cryptocurrency market.