A crypto currency trader has reached over $ 11 million with Trump Memecoin. However, he then returned to all of them by damaging more than $ 21 million during the collapse of the market.
Donald Trump collapsed the crypto money market!
Kriptokoin.comAs you have followed from this weekend, Donald Trump launched a trade war by implementing customs tariffs against China, Canada and Mexico. This development had collapsed all markets around the world. Although Canada and Mexican tariffs are currently waiting, China has retaliated and implemented their own tariffs against the United States.
Under macroeconomic uncertainty, most crypto currencies are struggling with low prices and leaving many trades under water. Traders suffer with unrelated and unprecedented losses. Interestingly, Trump Coin was one of the most affected by all this chaos. Thus, he punished Donald Trump’s fans who bought the breast coin.
Trump whale lost $ 21 million after a profit of 11 million dollars!
In particular, a crypto money whale went from heaven to heaven while trade by Donald Trump themed Memecoin Trump. On January 18, this trader sold 860,895 Trump, which he bought for $ 12 million, for $ 23.8 million. On-Chain Analytical Platform Lookonchain said that the whale made over $ 11 million at that time with Memecoin’s $ 13,94 dollars to $ 27.67.
However, as in most Memecoin trader, he evaluated the whale investment from the new and the loaded Trump purchased. Whale spent 33.9 million dollars to buy 766.083 Trump from $ 44.25 before the market collapsed. According to Lookonchain’s reference, the presence of 766,083 Trump is currently worth $ 12.85 million from $ 16,84 per token. This means that the trader’s previous earnings of $ 21 million deleted all the previous earnings.
Donald Trump’s crypto currency activities
Due to the results of the trade war of Donald Trump, analysts are wondering if the US President was the “worst insider trader ever ever.” This is due to the fact that Trump’s team tends to rise against the crypto by buying a large number of crypto currencies. On the other hand, according to traders like Hoeem, these movements are part of a smart trade plan. As explained, President Trump launching the liquidity of all subcoins, while the World Liberty Fi Ethereum (ETH) bought. The plan continued after launching Melania’s Memecoin. Then the markets collapsed. This allowed “World Liberty to buy cheap ETH”.
Then Donald Trump reacts to Canada and Mexican tariffs that the market reacted positively. After that, his team announced on February 4 to hold a press conference to talk about the US crypto strategic reserve. Later, the president’s son Eric Trump came to the ascendant messages on Eth.
