The Trump (CRYPTO: TRUMP) meme coin has plunged 42.6% in the past week, following Donald Trump's tariff announcement—a sharp reversal for the high-flying meme crypto.
What Happened: According to Lookonchain, a whale who had pocketed $11.8 million in TRUMP gains in mid-January reinvested his profits, only to see the trade turn against him.
The whale spent $33.9 million to acquire 766,083 TRUMP at an average price of $44.25, only to suffer a $21 million loss as prices collapsed.
This move erased not only their entire profit but also $9 million of the original capital.
Despite this steep drop, data from ...