Massive Crypto Investor Suffers $15m Loss on TRUMP-Related Trades, Mounting Mistakes Accumulate

Recent analysis data reveals that even major cryptocurrency investors, known as whales, can experience significant losses. One such investor lost over $15.5 million after a series of unsuccessful trades with the TRUMP memecoin.

According to data from Lookonchain, whales trading the TRUMP (TRUMP) memecoin have suffered heavy losses recently, despite earlier gains. In a post on Friday, March 28, the analysts reported that one whale sold 743,940 TRUMP tokens, worth $7.92 million, for $10.66 each, resulting in a $3.3 million loss.

This whale sold 743,947 $TRUMP($7.92M) at $10.66 five hours ago—taking another $3.3M loss on $TRUMP!

The whale only made a profit on his first $TRUMP trade. The following three trades were all losses, bringing his total loss to $15.7M.

Several other whales also experienced losses as the excitement around the TRUMP memecoin appears to have diminished.

According to Lookonchain, the whale "only profited on his first TRUMP trade," with the next three trades resulting in a total loss of $15.7 million. This wasn't an isolated incident, as data shows that many other whales also suffered losses as the hype around the TRUMP memecoin waned.

The whale initially made $11.82M on his first $TRUMP trade, but then lost $24.35M on the second, and an additional $201K on the third.

Now, the whale has returned, spending $11.28M to buy 777,684 $TRUMP at $14.50.

It remains to be seen whether the whale will turn a profit this time.

Earlier in March, another whale's investment in the Donald Trump-endorsed memecoin also faced challenges. After making $11.82 million on their first TRUMP trade, the whale lost $24.35 million on their second trade, followed by another $201,000 loss on the third.

The TRUMP memecoin, which saw a surge in price after Trump mentioned it on Truth Social, reached a high of $73.43 on Jan. 19. However, like many other memecoins, its value has plummeted since, and as of press time, TRUMP is trading at around $10.38, down 86% from its all-time high.