On March 24th, COINOTAG News reported significant activity from a prominent whale address identified as cGxeY…4B3Hz. Utilizing on-chain analytics from noted analyst @ai_9684xtpa, it was observed that the address executed a notable transaction shortly after former President Trump’s endorsement of the TRUMP token. The whale procured a substantial 4,995,000 USDC in exchange for 401,420 TRUMP tokens, just three minutes post-announcement. However, this aggressive position was liquidated after only one hour, resulting in a considerable loss of approximately $197,000. This event underscores the volatile nature of the cryptocurrency market, where investor sentiment can shift rapidly, impacting trade decisions significantly.
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