Whale Cashes Out $1M in TRUMP Tokens, Nets $420K Profit Over Trump Dinner
A major investor in Donald Trump’s official meme coin (TRUMP) has chosen to liquidate over $1 million in holdings, securing a $420,000 profit instead of attending a promised gala dinner for top holders. This decision comes amid ongoing controversy surrounding the token’s promotion by the former U.S. president.
The TRUMP token experienced significant price appreciation following Trump’s April announcement of exclusive dinners for its largest investors. Critics have labeled the initiative a publicity stunt, while regulators face increasing pressure to probe potential ethical violations. This whale’s exit highlights growing volatility in politically-linked crypto assets.