One cryptocurrency trader has only bought 337,000 Trump chips for $ 5,196 million after the sale of chips. Moving has triggered speculation about what could be the motive for re -entry.
Whale, identified with an address 3kjp9lInitially, there were 630,000 Trump chips, which they bought in March for $ 5 million at an average price of $ 7.93. However, on April 23, they decided to sell chips, all held all for $ 5.48 million and earning $ 483,000.
Unfortunately, sales turned out to be a poor time, as the Trump project team announced 20 hours later that the top 220 owners of Memecoin would be exclusive with the President. The announcement sent Trump immediately over $ 14 – a position from which Vaal could have earned $ 4.28 million.
If the trader takes on a new position, this time at an average price of $ 15.39, it is speculated as to why he decided to enter the market. An analyst at the block chain Ember cnWhoever shared the transaction noted that it may be due to profits.
He said:
“Today he stepped back to $ 15.39. It is hard to say whether he thought Trump's price would continue to rise or prompted that profit.”
If the motivation has profits and expectations that the price will rise further, the trader may be more patient this time and rely on a permanent momentum.
So far, Trump has fallen by 4% in the last 24 hours and has fallen below $ 15, which means that the trader now has unrealized damage. However, it is likely that the sign may rise further as the demand is still strong based on trading volume. According to Coinmarketcap, the trading volume is $ 2.96 billion in the last 24 hours.
It exceeds other Memecoin and other cryptocurrency trading volumes, except for Bitcoin and Ethereum during this period, indicating that interest is still high.
The whale is now on the list of Trump's best owners
In the meantime, there is another potential chance that the trader will acquire the signs so that the guest of the trump card planned on May 22. If this is the case, it is sufficient to acquire a recent to make them one of Memecoin's top holders.
According to Trump chart On the project page, the Trump contributions weighed in the 25 best owners varies from 942,601.9 and 93,048 to chips. However, the owner currently had only 610.67 characters, which means that the whale would automatically draw up this list with his last purchase.
However, Trump owners who want to participate have to register. There is no sign that Vaal has registered because the 3kjp9L address does not reflect on the leaderboard.
Interestingly, the team will use the average Trump involvement between April 23 and May 12 to determine the ranking. This means that the owners who buy more chips during this period can climb the rankings. The top 25 are considered VIP and they will receive an exclusive reception with the President before dinner.
The Trump team sees the reward from the renewed interest
In the meantime, Trump's new interest is not just about managing its prices; It also earns important fees for the project. According to the chain analysis data referred to according to CnbcHe earned a project of almost $ 900,000 within two days after the announcement.
In fact, these taxes are one of the biggest sources of revenue in the project, with cumulative fees of $ 324.5 million in January.
Despite the interests and massive charges on the inner circles, most persons with Trump make a loss, given that it is at a lower price of 79.7%.
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