Ah, the thrilling world of cryptocurrency! It seems that even the most powerful political figures can’t escape the whims of the market. Our beloved TRUMP and MELANIA tokens have recently experienced a whale-sized dump, causing quite a stir among traders and investors.
Whales Dump TRUMP & MELANIA With Over $14M In Losses
According to Spotonchain’s latest whale data, the crypto whales have been selling their PolitiFi tokens despite facing massive losses of over $14 million. The whale “DNTpo” sold 13.98 million MELANIA tokens for 14.32 million USDC, showcasing a loss of $14.9 million (51%) in roughly a month.
Simultaneously, whale address “EwkH5” sold 763,483 TRUMP coins for 9.47 million USDC recently, highlighting a loss of $25.5 million (72%) in roughly a month.
Why Are The Whales Selling?
The selloff transactions underscore a waning market interest in the PolitiFi tokens, potentially triggered by the recent market volatility. The crypto market slumped this week amid massive liquidations and new developments involving U.S. import tariffs. Bitcoin price was recorded hitting a $90K low this Tuesday.
Simultaneously, the whales also dumped tokens amid a broader market crash despite holding tokens for just a month. TRUMP’s monthly price chart reflected a 59% crash. Also, MELANIA’s price slumped over 65% over the same duration.
How Are The PolitiFi Coins Currently Performing?
As of press time, MELANIA price was down 65% over the past day, reaching $0.9288. The token hit a bottom and peak of $0.9197 and $1.24 in the last 24 hours.
TRUMP price crashed 15% intraday, closing in at $12.80. The coin’s 24-hour low and high were $12.79 and $15.22, respectively.
Traders and investors remain bearish over the token’s long-term prospects in light of heightened whale dumps showcasing losses. Simultaneously, renowned market analyst ‘Vegeta’ took to X, revealing that the Republican President-themed coin may take a few more weeks to bottom.
However, the analyst adds that once this feat is achieved, a $30-$35 price target awaits. Nevertheless, market watchers can expect potential new lows subsequently, the analyst added. Also, TRUMP price prediction by CoinGape shows that the current market sentiment for the asset remains bearish. Market watchers expect further volatility in prices in the wake of recent trends and developments.
Whale Dumps TRUMP & MELANIA: PolitiFi Frenzy Crashes Amid Market Chaos
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2025-02-25 11:42