Crypto Whales Engage in High-Stakes Memecoin Trades Amid Market Dip
- A whale lost $21 million after investing $33.9 million in Official Trump (TRUMP) memecoin, which is now trading at $17.61, down 5.1% in 24 hours.
- A different whale bought 6.69 million Melania (MELANIA) tokens at $1.50 each using 10 million USDC; MELANIA is now trading at $1.74, up 20.5% in the last day.
- Another investor missed out on over $40 million in profits from ai16z (AI16Z) and Zerebro (ZEREBRO), eventually incurring a loss of around $2 million.
Crypto whales are making significant trades in memecoins like TRUMP and MELANIA during the market downturn, experiencing both substantial losses and gains.
Source (2.6)https://dailyhodl.com/2025/02/04/whales-gamble-on-memecoins-with-massive-trump-melania-and-zerebro-trades-amid-market-dip-lookonchain/?rand=59076
