On April 26th, COINOTAG reported significant trading activity involving the TRUMP crypto asset. An analysis conducted by on-chain data specialist Embermonitor highlighted a prominent whale address that realized a remarkable profit of $732,000 within a mere half-hour timeframe. Specifically, this address leveraged 5.732 million USDC to acquire 427,000 TRUMP tokens at a price point of $13.40.
This transaction marked a strategic use of funds, with $5 million drawn from Binance as principal and the remainder being profit from prior trades involving TRUMP. This address had initially spent $5 million USDT to purchase TRUMP coinciding with news related to the Trump Banquet, subsequently liquidating 407,467 TRUMP for a substantial total of $5.73 million. This rapid succession of trades exemplifies the volatile yet potentially lucrative nature of the cryptocurrency market.