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Blockchain monitoring agency Lookonchain says one whale dealer let slip by way of their palms a $180 million revenue by promoting a brand new memecoin too early.
In accordance with Lookonchain, dealer “LeBron” sold greater than 4.5 million Official Trump (TRUMP) at a median worth of simply $1 per coin earlier than the digital asset soared to double-digits, lacking out on an enormous nine-figure revenue.
“LeBron offered 4.52 million TRUMP ($185 million) for 4.52 million USDC at a median worth of $1, cashing out too early and lacking a $180 million revenue [at time of reporting].
[On Tuesday], he spent 2.5 million USDC to purchase TRUMP once more, however shortly offered for two.43 million USDC, taking a $67,000 loss.”
Lookonchain additionally notices different crypto whale merchants lacking out on huge windfalls by promoting TRUMP early on as properly.
“Did you promote TRUMP too early?…
GoM5…eotR spent 500,000 USDC to purchase 2.65 million TRUMP ($160M presently) and offered for 1.35 million USDC, lacking out on a $158.7 million revenue.
5AS9…48Sm spent 1 million USDC to purchase 2.64 million TRUMP ($159.7 million presently) and offered for two.36 million USDC, lacking out on a $157 million revenue.
8RC6…wRXB spent 1,700 SOL ($372,000) to purchase 1.79 million TRUMP ($108 million presently) and offered for 3,544 SOL ($776,000), lacking out on a $107 million revenue.”
Lastly, Lookonchain notes that 4 days after the TRUMP memecoin launched on the Solana (SOL) community, the issuer of the stablecoin USDC, Circle, minted 2.5 billion USDC on Solana, suggesting the digital asset created a frenzy of buying and selling exercise.
TRUMP is buying and selling for $38.74 at time of writing, down 19.6% within the final 24 hours.
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