TRUMP Meme Coin Whale Loses All Initial Profits, Now Starting at a Fat Loss

A $TRUMP meme coin whale has literally wiped out all its initial profits and now is starting at a fat loss.

A TRUMP meme coin whale has seen all of its initial profits wiped out and is now sitting on a hefty loss. The wallet had made $11.8 million at launch, but panicked and plowed another $33.9 million to buy 766,083 TRUMP at $44.25.

Now, the wallet is down $21 million, with a $9 million hit to its initial capital, according to data from blockchain analysis platform Lookonchain. The meme coin trades at $17.29, down 2.73% in the past 24 hours, CoinMarketCap data showed. However, the cryptocurrency saw a strong trading volume of $2.92 billion.

Meanwhile, analysts on X (formerly Twitter) noted that the token could hit new all-time highs and even beat Dogecoin (DOGE) to become the top meme coin. DOGE’s price rally came after Tesla CEO Elon Musk backed the project. A similar rally for TRUMP, which is linked to US President Donald Trump, might occur this cycle.

Also Read: Dogecoin, Bonk, and Pepe Set to Be Key Asset Allocations in 2025

TRUMP Token Price Analysis

A look at TRUMP’s 4-hour chart on TradingView shows the Relative Strength Index (RSI) at 31.89, indicating seller strength. Furthermore, the slope on the chart suggests a move into the oversold zone soon.

On the other hand, accumulation of the TRUMP token has begun, as seen by the slope on the Accumulation/Distribution line. TRUMP may retest $20 in the coming days. However, a key resistance at $25 must break for the meme coin to reach a new all-time high.

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