The crypto market faced a significant price drop on Wednesday. Meanwhile, political tokens like TRUMP and MELANIA witnessed heavy selling pressure from whales, raising concerns about a continued downward trend in prices. One whale named DNTpo sold around 13.98 million MELANIA tokens for 14.32 million USDC, resulting in a loss of approximately 14.9 million dollars (51% decrease) over the past month. Another whale, EwkH5, sold about 763,483 TRUMP tokens for 9.47 million USDC, incurring a loss of 25.5 million dollars (72% decrease). Additionally, another trader lost around 24 million dollars in a swap and token exchange involving TRUMP and USDC. This trader had previously made millions in profit, but the sharp price fluctuations of TRUMP token led to heavy losses for them. This situation has led to various speculations regarding the return of these cryptocurrencies’ prices. Currently, MELANIA’s price has dropped by 26% to 0.89 dollars compared to the previous day, while TRUMP’s price has decreased by 15% to 12.64 dollars. One famous market analyst named Vegeta has predicted that the prices of these tokens may hit rock bottom in a few weeks and then move towards the target of 30-35 dollars. You can monitor the prices of all tokens and cryptocurrencies live on the digital currency prices page.
