As crypto market is marked by massive volatility, a whale has recently suffered substantial loss. As per Lookonchain, the crypto whale going by “Traderpow” has experienced a huge loss after investing in $TRUMP due to a sheer decline. Formerly the whale has made a remarkable $22.7M in gains via $TRUMP.
The recent dip in the well-known crypto asset’s price resulted in a loss for the whale. Cumulatively, the whale witnessed an unrealized loss of nearly $8.48M. Lookonchain, an on-chain crypto analytical platform shared the details of trading through its official social media platform, X.
Crypto Whale Sees Stunning $22.7M in Total Losses after Investing in $TRUMP
Lookonchain mentioned that the whale “Traderpow” has suffered a noteworthy investment loss in the popular crypto token $TRUMP. Despite making significant gains of up to $22.7M formerly, the crypto whale’s latest setback has raised the eyebrows of the community. Initially, the whale spent almost $16.7M to buy 309,514 $TRUMP. The respective purchase accounted for a per-token average price of $53.93. Nonetheless, following a sheer plunge in the token’s price, traderpow recorded a staggering $8.48M in unrealized losses.
After the launch of $TRUMP on January 17, ahead of U.S. President Donald Trump’s inauguration, the famous crypto token rose to significant heights. Hence, within a couple of days, it reached $75.84, its all-time high price, on the 19th of January. Nonetheless, from the next day, the price of $TRUMP witnessed a sheer decline to $40.72 but recovered to some extent. Nevertheless, following that a downward spree started that has continued up till now.
$TRUMP Records 58.91% Dip over Past 7 Days
At present, the $TRUMP token is changing hands at $25.00. This figure denotes a 21.23% decline in price performance. Nonetheless, over the past seven days, $TRUMP saw a stunning 58.91% loss in total. According to Lookonchain, the crypto whale’s loss of $22.7M reminds the crypto community that even the veteran traders are susceptible to face losses. Thus, it remains to be seen whether $TRUMP will recover from its ongoing downturn.
