Master Meme Coin Investor Also Went Bankrupt Because of Trump: Sold at a Loss of 2.5 Million Dollars! - Coin Bulletin

Popular cryptocurrency investor Ansem said goodbye to his TRUMP investments at a loss.

According to the data shared by the blockchain analysis platform Lookonchain, an investor named 'Ansem' drew attention with his TRUMP transaction. The wallet, which sold 194,799 TRUMP two hours ago and earned 6.83 million USDC, incurred a loss of 2.55 million dollars from this transaction.

The wallet in question had previously spent a total of 9.38 million USDC to purchase 194,799 TRUMP at a rate of 48.14 dollars per unit. However, this sale at a unit price of 35.04 dollars compared to the purchase price resulted in a significant loss.

These types of transactions once again highlight the volatile nature of the cryptocurrency market, reminding investors of the importance of risk management in their strategies.

When Trump Coin first hit the market, it climbed to a market value of 15 billion dollars and saw the $70 band. However, this short-lived interest waned with Trump taking the presidential seat, and the token price dropped to $35.