Sources
Loading...
Additional media
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese traders have reportedly earned $121 million from the trading frenzy surrounding Donald Trump’s official memecoin. This surge in trading activity occurred primarily during Asian market hours, leading to significant price increases. Notably, one wallet profited $27 million from these trades. Analysts suggest that understanding market liquidity and timing played crucial roles in these profits. However, a recent analysis by Chainalysis indicates that many early buyers of the memecoin may have been inexperienced retail investors, with the potential for both substantial gains and losses in this volatile market.
"An analysis by the crypto forensics company Chainalysis showed that the majority of people who bought $Trump were likely inexperienced retail investors, possibly dabbling in crypto for the first time." https://t.co/C8hcHOiOSJ
In 2025, millions will be made on memecoins. Those who caught $TRUMP surged 579x, and #MELANIA hit 358x, already millionaires. What can I say, even I made over $200k on both. Check next top that could skyrocket to 100x 🧵👇 https://t.co/LBusZfsJSr
Donald Trump’s official memecoin has been extremely profitable for early buyers and likely unprofitable for many, a @Chainalysis finding shows. By @shauryamalwa. https://t.co/QSHOYYFAwC