Crypto Kit made $3.7 million profit trading meme token
Despite selling a significant portion of his TRUMP tokens, Keith with the wallet address "0x52C0" still holds 28% of his portfolio in MAGA, valued at around $372,000.
The reality of the crypto market is that it is uncertain and highly volatile, but the investor in question manages to defy these conditions. The whale has sold more than 171,000 TRUMP tokens, which equates to $1.44 million, in the last 24 hours alone. Based on Lookonchain the data the transaction he executed was at an average price of $8.38 per token and achieved a whopping return on investment of 1,428%.
In the last 24 hours, MAGA has lost over 34% and at the time of writing is trading at $6.76. On the weekly chart, the altcoin is down 44%. Market experts claim that the decline was caused by the rumors about the TrumpCoin project on Solana , who is allegedly related to Donald Trump's son, Barron.
By selling a significant portion of his holdings, the whale still holds 28% of his portfolio in MAGA. His main asset is BasedAI tokens (BASEDAI), which are worth $921,000 and make up 71% of his portfolio.
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Overall, the combined market capitalization of meme coins is down over 9%, which equates to $45.1 billion. Interestingly, trading volumes are on the rise, increasing by over 40% to $6.20 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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