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Cryptocurrency News Articles
This Guy Sold $TRUMP Too Late and Missed Out on a Profit of Over $33.6M
Feb 03, 2025 at 12:55 pm
This guy sold $TRUMP too late and missed out on a profit of over $33.6M! He aped into $TRUMP when the price was ~$1.03, then sold all 637K $TRUMP
An investor missed out on tens of millions in potential profit after selling the official Trump cryptocurrency, TRUMP, at a significant discount on Saturday morning.
What Happened: The investor bought into TRUMP, the official cryptocurrency of President Donald Trump, when the price was around $1.03, according to on-chain tracking platform Lookonchain.
The investor sold all 637,000 TRUMP coins for $12.24 million, booking an impressive profit of $11.4 million.
However, if the investor had sold at TRUMP’s peak of $75.35, the profit would have exceeded $45 million. The late sale deprived the investor of $33 million in gains.
This guy sold $TRUMP too late and missed out on a profit of over $33.6M!
He aped into $TRUMP when the price was ~$1.03, then sold all 637K $TRUMP for 55,316 $SOL($12.24M) 6 hours ago at $19.21, making 52,301 $SOL($11.4M).
If he sold at the peak, the profit could have exceeded… pic.twitter.com/3pN01t0VGd
Why It Matters: The missed opportunity highlights the volatility and unpredictability of meme coins, especially those that are themed on popular people and celebrities.
Launched by Trump just ahead of his presidential inauguration, TRUMP reached a fully diluted valuation of roughly $75 billion shortly after debut but has since crashed over 76%.
While the coin does have some utility, such as allowing customers to use it to buy Trump-branded merchandise, most of its price movements have been dictated by broader market trends.
Price Action: At the time of writing, TRUMP was trading at $17.87, down 15% in the last 24 hours, according to data from Benzinga Pro.
Benzinga Note: Investing in meme coins and cryptocurrencies is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading.
Photo by Igor Faun on Shutterstock
See More: Elon Musk Says Treasury Officials ‘Breaking The Law Every Hour’ By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix
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