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Whale Who Netted $108,000,000 Profit on TRUMP Books Loss on the Memecoin After President’s Truth Social Post – The Daily Hodl

28 March 2025
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A whale who beforehand gained large on the Official Trump (TRUMP) memecoin booked a loss on the controversial asset over the weekend, in line with the crypto tracker Lookonchain.

Lookonchain notes on the social media platform X that the whale spent $5 million value of Circle’s stablecoin, USDC, to purchase TRUMP proper after President Donald Trump posted “I LOVE $TRUMP” on his social media platform Fact Social.

The whale then offered the TRUMP stash an hour later, reserving a $207,000 loss.

Nonetheless, the loss pales compared to good points the whale made earlier this 12 months when it spent 1.09 million USDC to purchase 5.97 million TRUMP and booked a $108 million revenue, in line with Lookonchain.

The president launched the Official Trump memecoin in mid-January, days earlier than he took workplace. The asset has generated controversy out and in of crypto circles, elevating questions of corruption in an already closely questioned administration.

Even Ethereum (ETH) founder Vitalik Buterin stated in January that political cash represented “automobiles for limitless political bribery.”

In a February letter to the U.S. Division of Justice (DOJ) and the Workplace of Authorities Ethics, officers on the nonprofit client advocacy group Public Citizen argued TRUMP could possibly be a violation of federal regulation regulating presents to authorities officers.

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Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate internet marketing.

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Tags: BooksDailyHodllossmemecoinNettedPostpresidentsprofitsocialTrumpTruthWhale
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