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Whale sells off TRUMP and MELANIA Memecoin with monthly losses up to 24.5 million USD
Recent chain data shows that some cryptocurrency whales are selling memecoin TRUMP and MELANIA in the context of a cryptocurrency market undergoing massive liquidation. Whale sells off TRUMP and MELANIA with huge losses Spot on Chain reveals that cryptocurrency investors are panic-selling memecoins, witnessing a significant monthly loss. According to reports, a whale sold nearly 13.98 million MELANIA coins for $14.32 earlier today, incurring a loss of $14.9 million at the time the post was posted. This is equivalent to a loss of 51% per month.
Another cryptocurrency whale has sold over 763,000 TRUMP at a price of 9.47 million USDC, exiting the third TRUMP transaction with a loss of 25.5 million dollars, according to the same note. This is equivalent to a huge monthly loss of 72%.
Earlier, the trader also sold 2,500 TRUMP coins worth over $70,000 in January. The price of TRUMP and MELANIA decreases Both memecoins have witnessed sharp price declines amidst heavy liquidation in the cryptocurrency market in the past few hours. TRUMP is trading at over $13, down 13% today. The coin has a market capitalization of more than $2.63 billion. Earlier, the memecoin was trading at $14.92 and has seen steep price declines of more than 10% in a relatively short period of time.
Memecoin was launched last month and reached an all-time high on January 19 at nearly $74, one day before the inauguration of US President Trump. MELANIA has decreased by more than 25% in the past 24 hours. The currency is trading above $0.91, with a market capitalization of over $493 million.
Previously, this currency was trading at $1.17 with a market capitalization of over $627 million and has dropped nearly 15%. MELANIA continues its downward trajectory to the current price. Memecoin reached an all-time high on January 20 at over $13.6. MELANIA memecoin was also launched last month, shortly after TRUMP's launch. The decline of memecoin is taking place amid a more than 7.5% decline in the cryptocurrency market today, amidst significant cryptocurrency liquidation. The price of Bitcoin also dropped more than 7% today.