A digital currency whale has incurred millions of dollars in losses after engaging in several transactions with Trump’s official memecoin (TRUMP). According to the blockchain tracking platform Lookonchain, the whale’s losses in TRUMP transactions this month have approached $16 million. The whale sold 743,947 units of Trump token (worth $7.92 million) at $10.66 each on Friday and suffered an additional $3.3 million in losses. It only profited in the first TRUMP deal, with the following three transactions all resulting in losses. Previously, Lookonchain noted that the same whale had initially made nearly $12 million in profit in the first TRUMP transaction but then incurred significant losses afterward. Other whales have also faced losses in recent TRUMP transactions. At the time of writing this news, TRUMP is trading at $10.27, reflecting an 8.1% decline in the past 24 hours.
