The launch of Donald Trump’s new tokens has caused a ripple effect in the memecoin market, prompting early holders to cash out significant profits.
The spotlight has now turned to some of the largest memecoin whales who are taking advantage of this volatile period.
A long-term $SHIB whale, identified as “0x3de,” sold 216 billion $SHIB for 1,587 ETH (approximately $5.39 million) just three hours ago. This whale originally purchased 664.22 billion $SHIB in February 2021 for a mere $4,510.
Following the sale, the whale still holds 38.4 billion $SHIB, valued at $832,000. Over the past four years, this trader has realized a staggering profit of nearly $15 million, achieving an eye-watering return of over 30,000%.
Another significant move came from a whale known as “0x3cf,” who deposited 2.16 billion $NEIRO, valued at $1.16 million, into Binance five hours ago.
This trader initially bought the $NEIRO tokens in August 2024 for just 34.65 ETH (equivalent to $87,900). If the entire deposit is sold, the whale would pocket a profit of $1.08 million, boasting an impressive 1,224% return on their investment in just five months.
The hype surrounding Trump’s token launches has clearly impacted memecoin markets, creating both opportunities and volatility. These high-profile sales highlight the lucrative potential for early adopters of memecoins, but also serve as a reminder for newer traders to exercise caution amid market FOMO.
As these whales cash out, the market waits to see how $TRUMP tokens will continue to influence trading dynamics in the memecoin space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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Image Source: solarseven/123RF // Image Effects by Colorcinch
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