Whale re-enters the Trump market with a significant accumulation of 333,664 TRUMP tokens

This is the whale's second acquisition after his first purchase, which resulted in loss-making.

A whale has made a significant accumulation of 333,664 TRUMP tokens during the ongoing market dip. This is the second time the whale has bought the Trump tokens this year.

This whale has bought TRUMP tokens twice this year, but his first purchase resulted in a loss-making.

Whale loses $15.72M in previous TRUMP trade

The whale's action was spotted by blockchain analytics platform Onchain Lens.

According to the data, the whale had a previous loss-making trade in TRUMP, engaging in a large-scale purchase of 667,110 TRUMP tokens at an average price of $14.08. Sadly, he sold them at a lower average price of $9.48, resulting in a substantial loss of $15.72M in total.

However, despite the significant losses, the whale appears to be making another bet on TRUMP, hoping to reverse his fortunes with this new purchase.

This time, the whale spent 3.41M USDC to buy 333,664 TRUMP at a price of $10.22.

This action showcases that while others panic due to the market plunge, savvy investors are buying TRUMP tokens, positioning themselves for big returns when the market rebounds.

The analysis shows that this could be the ideal time to invest in the asset when prices are still down.

The Trump coin has reportedly made multiple investors millionaires following its launch earlier this year.

This whale's market activity suggests that many strategic investors have confidence in the asset, anticipating its future price momentum.