Whale's $9.48M TRUMP Token Sale Sparks 7.87% Price Drop

In a significant development in the cryptocurrency market, a large-scale sell order of TRUMP tokens worth $9.48 million was executed by a prominent whale, causing a temporary price drop of 7.87%. The sale, which occurred two hours ago, was closely monitored by market participants and analysts.

The whale, identified by the address "EwkH5a...rVmjP", had accumulated a substantial amount of TRUMP tokens over the past month. Across three addresses, the whale acquired 766,000 TRUMP tokens at an average price of $42.91, with a total value of $32.87 million. However, the overall market crash in the cryptocurrency sector has led to a significant decline in the price of TRUMP tokens, with a 14% drop in the last 24 hours.

The sell-off by the whale resulted in a loss of $2.328 million, highlighting the volatile nature of the cryptocurrency market. Despite the temporary price drop, market analysts are closely monitoring the situation and assessing the potential impact on the broader cryptocurrency market.