COINOTAG News reported on March 28th that the prominent TRUMP whale, identified as EwkH5…rVmjP, has liquidated a substantial amount of assets, specifically 590,000 tokens valued at approximately $6.27 million within a mere three-hour period. The average sale price for these tokens was recorded at $10.62, leading to a significant realization of losses amounting to $1.677 million.
This whale’s holdings were initially acquired for $13.46 per token, during the acquisition phase from February 27th to March 15th. Notably, in the span of just one month, the value of this position has declined by nearly 20%. The ramifications of this large-scale sell-off have had a tangible effect on market dynamics, resulting in a further depreciation of the TRUMP token by 3%, with current trading values hovering around $10.46.