Crypto whale loses over $15m on TRUMP trades as bad bets stack up

Data from analysts shows even big crypto whales have their off days, with one losing over $15.5 million on a bad run with the TRUMP memecoin.

Crypto whales trading the TRUMP (TRUMP) memecoin have been hit hard lately, with some losing millions despite earlier gains, according to data from Lookonchain. In an X post on Friday, March 28, the analysts revealed that one whale sold over 743,940 TRUMP tokens, valued at $7.92 million, for $10.66 each, taking a $3.3 million loss.

Per Lookonchain, the whale “only profited on his first TRUMP trade,” adding that “the next three were all losses” bringing the whale’s total loss to $15.7 million. It wasn’t just one whale as data shows plenty of others took a hit too as the TRUMP memecoin hype seems to have died down.

In early March, another whale’s ride with the Donald Trump-backed memecoin hit some rough patches too. After making $11.82 million on their first TRUMP trade, the whale lost $24.35 million on their second one, followed by another $201,000 loss on the third.

The TRUMP memecoin, which recently pumped in price after Trump mentioned it on Truth Social, hit a high of $73.43 on Jan. 19. However, like many memecoins, its value has since crashed, and as of press time, TRUMP is trading at around $10.38, down 86% from its all-time high.