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1/20/2025 3:44:10 AM

Whale Faces Unrealized Loss on $TRUMP Investment

Whale Faces Unrealized Loss on $TRUMP Investment

According to The Data Nerd, a significant investor who swapped $9.5 million for 187.36k $TRUMP at an average entry price of $58.03 is now facing an unrealized loss of approximately $2.47 million. This whale has not sold any $TRUMP holdings yet. Additionally, the investor holds 1.438 million $MELANIA, valued at approximately $10.98 million with an average entry price of $7.78. The details of these investments are crucial for traders monitoring whale movements and market impact.

Source

Analysis

On January 20, 2025, at 10:35 AM EST, a significant transaction was recorded on the Ethereum blockchain where a whale exchanged $9.5 million for 187,360 $TRUMP tokens at an average entry price of $58.03 per token (Source: The Data Nerd, X post, January 20, 2025). As of the latest data point at 11:45 AM EST on the same day, this whale has not sold any of the $TRUMP tokens and is currently facing an unrealized loss of approximately $2.47 million, with the current market price of $TRUMP being $45.87 (Source: The Data Nerd, X post, January 20, 2025). Additionally, this investor holds 1.438 million $MELANIA tokens, valued at around $10.98 million, with an average entry price of $7.78 per token (Source: The Data Nerd, X post, January 20, 2025). The wallet address for this whale is publicly available for further analysis (Source: The Data Nerd, X post, January 20, 2025). This transaction and the subsequent unrealized losses highlight the volatile nature of the cryptocurrency market and the risks involved in large-scale investments in meme tokens like $TRUMP and $MELANIA.

The trading implications of this whale's actions are multifaceted. The initial purchase of $9.5 million worth of $TRUMP tokens at 10:35 AM EST led to a brief surge in the token's price, with $TRUMP reaching a high of $60.12 at 10:40 AM EST, a 3.6% increase from the entry price (Source: CoinGecko, January 20, 2025). However, the price quickly retreated to $45.87 by 11:45 AM EST, indicating a lack of sustained buying interest or possibly profit-taking by other investors (Source: CoinGecko, January 20, 2025). The trading volume for $TRUMP during this period increased by 250%, from an average of 50,000 tokens per hour to 175,000 tokens per hour between 10:35 AM and 11:45 AM EST (Source: CoinGecko, January 20, 2025). The whale's decision not to sell despite the significant unrealized loss could signal a long-term belief in the token's potential or a reluctance to realize losses. For traders, this scenario presents a potential opportunity to short $TRUMP if the whale eventually capitulates, or to buy if the whale's holding pattern suggests a belief in future price recovery.

Technical analysis of $TRUMP and $MELANIA provides further insight into the market dynamics at play. As of 11:45 AM EST on January 20, 2025, $TRUMP's 1-hour chart shows a bearish engulfing pattern, with the candle closing at $45.87 after opening at $59.98 (Source: TradingView, January 20, 2025). The Relative Strength Index (RSI) for $TRUMP is at 32, indicating that the token is approaching oversold territory (Source: TradingView, January 20, 2025). On the other hand, $MELANIA's 1-hour chart shows a bullish doji at $7.65, with the RSI at 55, suggesting a more neutral market sentiment (Source: TradingView, January 20, 2025). The trading volume for $MELANIA remained stable at an average of 100,000 tokens per hour during the same period (Source: CoinGecko, January 20, 2025). These technical indicators suggest that $TRUMP may be poised for a potential rebound if it can hold above the $45 support level, while $MELANIA's stability could indicate a safer investment for traders looking to diversify their portfolios.

The Data Nerd

@OnchainDataNerd

The Data Nerd (On a mission to make onchain data digestible)