Famous Trader Sells 1.08 Million TRUMP, Garners $8.3 Million in Profits

IconCryptoNewsTerminal Staff14 Jul, 2024

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Famous Trader Sells 1.08 Million TRUMP, Garners $8.3 Million in Profits

On-chain data analytics provider Lookonchain reported that 7 hours ago, "Famous trader GCR(@GiganticRebirth)" estimated an address that deposited about 1.08 million TRUMP ($88.5 Million) to digital asset exchange, BTSE. His profit from this transaction is estimated to be $8.3 million. This address had purchased this 1.08 Million TRUMP from November 22nd to December 4th last year when its average price was $0.5. This transaction highlights the increasing popularity of TRUMP, a token that has gained significant traction in the cryptocurrency market. The trader's decision to sell a substantial amount of TRUMP suggests that he may believe the token has reached a peak or that he is taking profits after a successful trading period.

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