Big Whale Wallet Panic Sells Altcoin That Plunged Today: Suffers Heavy Losses

According to cryptocurrency onchain data, a major crypto whale sold a large amount of an altcoin today. The data revealed that the crypto whale with the short address 7X6Vu sold 427,600 TRUMP tokens for $4.9 million. Interestingly, this crypto whale had accumulated these TRUMP tokens at an average price level of $13.47 last week. With his latest sale, we see that the crypto whale lost $760,000. At the time of writing, the TRUMP price is trading at $11.17, with a 12% loss in the last 24 hours. The fact that the whale sold immediately after the sudden drop in the token’s price at midnight suggests that this may have been a panic sale. With this sale, the whale wallet sold all of its TRUMP tokens and does not hold any other altcoins, according to onchain data. Only the $4.77 million USDC stablecoin it obtained from the sale continues to be in the crypto whale’s wallet. *This is not investment advice. Source: https://en.bitcoinsistemi.com/big-whale-wallet-panic-sells-altcoin-that-plunged-today-suffers-heavy-losses/