The $TRUMP token is gaining massive attention in the crypto world. It rocketed to a 15 billion FDV within hours, which made some traders an awful lot of money. The token has risen very quickly after its launch, according to on-chain analytics platform Spot On Chain.
Trader Turns $1.1M into $20M with $TRUMP Token
For example, one trader made over $20 million in one hour. As per data from SpotOnChain, about 90 seconds after Donald Trump announced the $TRUMP token on Truth Social, a trader spent 1.1 million USDC to buy 5.97 million $TRUMP tokens, now worth $23 million.
The trader has so far bought 543,000 $TRUMP for $404,000. However, $TRUMP holder still hangs on to 5.43 million TRUMP token, approximately $21 million. In other words, the trader’s overall profit is more than $20 million.
$TRUMP Token Rises Rapidly, But Experts Warn of Risks
Many have taken notice of how fast $TRUMP has risen. There are those who are excited about the possibility of additional gains but nervous about the risks. Such rapid price changes in the world of crypto can cause market volatility, experts warn.
However, investors are cautioned to be careful with the large profits. This rise in the $TRUMP token, reported by Spot On Chain, shows that anything is possible in the crypto market anytime. In short, the future of $TRUMP is yet to be determined as it grows, so traders should remain aware.
