Whales Scoop Up TRUMP as Token’s Price Tanks 40%

Oh, What a Whale of a Tale! 🐋💸

Once upon a time, in the wacky world of cryptocurrency, the TRUMP token decided to take a nosedive—plummeting a staggering 40%! It’s as if it slipped on a banana peel right in front of a crowd of investors, who are now scratching their heads and wondering if they should laugh or cry. 😂

Now, this isn’t just any old token; it’s the Official Trump (TRUMP), a meme coin that was launched by none other than the man himself, President Donald Trump, on the Solana blockchain. But alas, after the grand inauguration, the price took a tumble from a lofty $74 to a mere $38! Talk about a rollercoaster ride! 🎢

But why, oh why, did the price drop so dramatically? Some say it’s because traders were expecting a crypto bonanza during Trump’s inauguration speech, only to be left with nothing but crickets. 🦗 On January 20, crypto enthusiasts were all ears, waiting for a sprinkle of crypto magic, but instead, they got a 30-minute snooze fest with no mention of their beloved coins.

“TRUMP SPEECH ENDS WITH NO MENTION OF CRYPTO: INAUGURATION”

— *Walter Bloomberg (@DeItaone) January 20, 2025

But fear not, dear reader! While the price continues to tumble like a clumsy elephant on roller skates, some big fish—err, whales—are diving in for a feast! 🐳 According to the clever folks at lmk.fun, these savvy investors are snapping up TRUMP tokens at bargain prices, betting that this rollercoaster will eventually go back up.

“Multiple whales are buying the $TRUMP dip! Two hours ago, one whale spent a whopping 7.06 million $USDC to snag 207.87K $TRUMP at $34. Another whale splashed out 3.167 million $USDC for 99.53K $TRUMP at $31.8,” the platform chirped on X, as the price continued its downward spiral. 💰

TRUMP has been the wild child of the meme coin universe, spiking like a jack-in-the-box and then crashing down just as quickly. At one point, it was the belle of the ball with a market cap of $31 billion, outshining even the likes of Cardano (ADA), TRON (TRX), and Bitcoin Cash (BCH). What a show! 🎉

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2025-01-21 12:34