A cryptocurrency investor who sold an important position prematurely in the room even Trump returned to the market by buying 337,000 tokens.
The current price is almost double their previous sale price. EMPER CN chain analyst said the whale used USDC 5.196 million to enter the market and paid an average price of $ 15.39 per token Trump (Trump).
This purchase follows the previous decision of the investor to sell 630,000 Trump tokens at $ 8.70 each. It was only 20 hours before the announcement of a dinner with former president Trump, which caused an increase in the value of the token.
“He missed the explosive wave after the announcement of the dinner plan. Today, he returned to $ 15.39,” said Ember CN. The time of the initial sale of the investor was regrettable because they missed potential profits of approximately $ 3.8 million by leaving their position before prices.
The announcement of the dinner promised that the 220 holders of Trump tokens would be invited to a “private club reserved for members in Washington, DC for dinner” with the former president on May 22.
According to Trump’s official ranking, the largest holder currently has more than 1.22 million tokens, while the second place position holds approximately 1.19 million.
Meanwhile, other traders have actively restructured their portfolios to capitalize on the thrust of the Trump token. The Lookonchain blockchain analysis platform identified a particularly successful trader that exchanged all of its participations of 1.18 million Fartcoin (worth around 1.22 million dollars) for 78,671 Trump tokens.
The value of the Trump token had jumped almost 90% by the announcement of the dinner event. However, the medal of the same is still down almost 80% from its $ 73 summit.
The promise of direct access to the former president created a competition between the holders trying to maintain their ranking in the ranking to guarantee an invitation.
