<p>In the volatile realm of cryptocurrency, notable shifts can often tell us much about investor behavior and market sentiment. Most recently, the memecoin known as TRUMP has garnered a considerable amount of attention, especially among large holders, or “whales,” who have used the opportunity to take profits at a record pace.</p> 
<p>This trend has also been noted in the latest report from <a href="https://id.tomo.inc/x@lookonchain" target="_blank" rel="noopener">Lookonchain</a>, one of the most respected on-chain data providers. Those transactions suggest that the TRUMP coin market price has taken a major hit due to a sudden sell off – which the report details.</p> 
<p>According to Lookonchain, a whale identified only by the wallet address ‘0x52C0’ executed a substantial sale, offloading 171,842 TRUMP for 414 ETH, valued at approximately $1.44 million.&nbsp;</p> 
<p>This transaction marked a staggering profit of 1428%, translating to around $3.7 million. Another notable transaction involved the address known as ‘sighduck.eth ‘, which sold 173,542 TRUMP for 1.25 million USDC, netting a profit of $1.88 million, a 1500% increase. Furthermore, ‘0x35D1’ sold 128,059 TRUMP for 204 <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/">ETH</a>, amounting to $703.6K, achieving a profit margin of 1164%.</p> 
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   <p lang="en" dir="ltr">Many <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRUMP</a> whales sold <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRUMP</a> for profits today!<br><br>0x52C0 sold 171,842 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRUMP</a> for 414 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a>($1.44M) at $8.38 in the past 24 hours and made ~$3.7M(+1428%) on <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRUMP</a>.<a href="https://t.co/ypys8DwW0p" target="_blank">https://t.co/ypys8DwW0p</a><br><br>sighduck.eth sold 173,542 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TRUMP</a> for 1.25M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$USDC</a> in one trade 8 hours ago and made… <a href="https://t.co/9t5F1Qn6za" target="_blank">pic.twitter.com/9t5F1Qn6za</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1802966623592329565?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 18, 2024</a>
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<h2 class="wp-block-heading" id="market-implications-of-the-trump-coin-sell-off">Market Implications of the TRUMP Coin Sell-Off</h2> 
<p>Not only do these large transactions produce a lot of profit for the holders, but they also affect the larger TRUMP coin marketplace. In the last 24 hours, the price of TRUMP has plummeted 31.6%, sending it under $8, to a current price of $7.60. This is part of a broader bearish trend witnessed over the past week, which has seen the coin drop around 40%.</p> 
<p>This wave of TRUMP coin whales offloading their stakes may point to larger sentiment changes in a memecoin market dominated by violent price swings and where pouring a whole on sale orders can be costly.</p>

TRUMP Coin Crashes 40% After Whales Cash Out – Is the Party Over for Meme Coin Investors?

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