Onchain Lens said a whale address that accumulated 1.148 million TRUMP tokens about a year ago is now deeply underwater on the position. The address bought the tokens from Gate and OKX at a total cost of about $11.55 million.
In recent days, the whale transferred the entire holding to a new wallet. Based on the current value of roughly $2.16 million, the position is showing an unrealized loss of about $9.39 million.
That leaves the holding down 81.3% from the original purchase cost, according to the figures cited by Onchain Lens. The update focuses on the wallet’s transfer activity and the gap between the initial outlay and the current marked value of the TRUMP stash.
According to Onchain Lens, a whale address that accumulated 1.148 million TRUMP tokens from Gate and OKX about a year ago spent around $11.55 million on the position.
In recent days, the address moved the entire holding to a new wallet. At its current value of about $2.16 million, the position is sitting on an unrealized loss of roughly $9.39 million, down 81.3% from the purchase cost.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
