Crypto Chaos: Whales Make a Splash with $74M TRUMP Token Sell-Off!

by

26.0%

Market cap:
$7.85 B


Vol. 24h:
$18.81 B

, was the belle of the ball. But alas, like a poorly timed tweet, it has taken a nosedive, leaving meme coin enthusiasts clutching their pearls in despair.

Before the festivities, the air was thick with optimism, particularly for those whimsical coins tied to the presidency. Yet, as the Solana meme coin began its descent into the abyss, it became clear that the party was over. Even MELANIA, the other starlet of the meme coin scene, is now languishing at

MELANIA
$4.54



24h volatility:
57.1%


Market cap:
$681.00 M


Vol. 24h:
$3.04 B


.

Crypto Whales Take a Dive with TRUMP Tokens

In a plot twist worthy of a soap opera, analytics platform Lookonchain has revealed that a certain wallet, whimsically named Ansem, decided to part ways with a staggering 194,799 TRUMP tokens, valued at a cool $6.83 million. But wait—there’s more! Ansem had originally purchased these tokens at an average price of $48.14, only to sell them at a paltry $35.04. A loss of $2.55 million? Now that’s what I call a “yuge” mistake! 🐋💸

As if that weren’t enough, Whale Alert chimed in with news of another transaction, where an unidentified wallet shuffled 1,621,351 TRUMP meme coins to yet another mysterious destination. One can only imagine the clandestine meetings taking place in the shadowy corners of the crypto underworld.

These two transactions, totaling a staggering $74.22 million, occurred just moments after Trump took his oath of office for the second time. Coincidence? I think not! The sell-offs have sent shockwaves through the meme coin community, leaving investors in a state of existential dread. Will there be more sell-offs? Only time will tell, but for now, the TRUMP token is on a downward spiral, having lost over 30% in the last 24 hours. As of this very moment, it has managed a slight recovery, hovering around $40.69. 🥴

Solana Memecoins: A Comedy of Errors

But fear not, dear reader, for TRUMP’s decline is not a solitary affair. All major Solana meme tokens are joining the pity party. MELANIA is taking the brunt of the damage, with a staggering 54% decline in the past 24 hours. Meanwhile, BONK

BONK
$0.000029



24h volatility:
13.9%


Market cap:
$2.21 B


Vol. 24h:
$600.85 M


and WIF

WIF
$1.38



24h volatility:
10.3%


Market cap:
$1.38 B


Vol. 24h:
$621.52 M


are also feeling the pinch, down by 15.78% and 13.70%, respectively. It seems every coin in this category is experiencing a collective existential crisis.

Yet, amidst the chaos, CoinGecko is whispering sweet nothings of hope, suggesting it might just be the right moment for BONK and WIF investors to “buy the dip.” As for TRUMP meme coins, investors may adopt a similar strategy, hoping that as President Trump settles into his new role, his executive orders will somehow work their magic on the crypto market. After all, who doesn’t love a good comeback story? 🤷‍♂️

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2025-01-21 14:17