- Whale losses on MELANIA and TRUMP highlight increasing market volatility.
- MELANIA’s 68% price drop signals investor panic and heightened risk.
- TRUMP’s 39.2% decline shows growing instability in meme token markets.
The recent turmoil in Trump-themed tokens has revealed substantial losses for whale investors, particularly in the MELANIA and TRUMP tokens. Significant drops in their value over the past 24 hours have highlighted both investor panic and the highly volatile nature of these meme tokens.
Whale Investment Woes in MELANIA and TRUMP
One of the most notable whale movements occurred yesterday when a whale purchased 440,136 MELANIA for $5.1 million. This was done at an average price of $11.60 per MELANIA, but with the current price standing at just $1.56 million, the whale faces a floating loss of over $3.53 million.
MELANIA’s 68% value drop in 24 hours highlights the risks faced by even the largest investors in speculative markets. Moreover, another whale investment in TRUMP tokens shows a similar trend of heavy losses. One Ansem wallet spent 9.38 million USDC to acquire 194,799 TRUMP tokens at an average price of $48.14. However, the wallet recently sold these tokens for just $6.83 million, incurring a loss of $2.55 million. This loss further illustrates the growing instability in Trump-themed token markets.
Another whale, having exchanged $9.5 million for 187,360 TRUMP tokens at an average entry price of $58.03, is now facing an unrealized loss of approximately $2.47 million. Additionally, this whale holds 1.43 million MELANIA tokens, valued at around $10.98 million, with an average entry of $7.78. These positions reflect the volatile nature of meme coin markets, where prices can fluctuate wildly in a short period.
In a separate incident, a hacker, associated with the Trump theme but not an official account, launched the POWER token. The whale lost $221,000 within an hour, as the token’s price dropped by over 93% from an investment of $237,000. This highlights the risks of investing in tokens linked to unofficial projects, where price manipulation or hacks can lead to significant financial losses.
Technical Indicators and Market Sentiment
The recent trading volume for MELANIA and TRUMP tokens suggests a market driven by intense volatility and speculative behavior. MELANIA, trading at $4.12 with a market cap of $780.7 million, saw a sharp price drop in a short timeframe. A 24-hour trading volume of $2.96 billion indicates heightened selling activity, likely driven by panic among holders.
For TRUMP, the situation is similar. The token’s current price of $36.05 reflects a 39.2% decrease in the last 24 hours. A high trading volume of $25.45 billion signals increased volatility, likely fueled by rapid shifts in market sentiment. Both tokens are facing the risk of further price erosion unless immediate support levels hold.
