A massive selloff rocked the $TRUMP token market as whales dumped their holdings, sending shockwaves through the Solana blockchain. The token, which debuted at $10 and skyrocketed to $74.59 within hours, became a battlefield of hasty decisions and expensive regrets.
Some whales just couldn’t wait. They dumped their tokens early, probably patting themselves on the back for their quick profits. But here’s the kicker – they had to buy back in at nearly double the price. Talk about a costly lesson in patience. The $TRUMP token, with its total supply of 1 billion tokens and initial public release of 200 million, proved itself quite the wild ride.
The real drama lies in the numbers. With Trump-owned companies controlling a whopping 800 million tokens under various lock-up periods, the market’s been walking a tightrope. These tokens are set to become available gradually over 24 months – a detail those impatient whales might have overlooked before their premature dump. The Trump trust’s ethics attorney monitors major transactions to prevent conflicts of interest.
Trump’s empire holds 800M tokens in a 24-month lockup – a detail that turned whale investors’ quick-profit dreams into costly miscalculations.
The project’s already netted $350 million through token sales and fees, with an aggregate market value exceeding $27 billion after launch. But that’s not the whole story. Up to 40 million tokens, valued at over $300 million, are scheduled for becoming available. Analysis shows that investors collectively lost $20 per dollar earned in trading fees.
Imagine the face-palm moment for those whales who’ll watch these events unfold from the sidelines, having already burned millions in their buy-high-after-selling-low fiasco.
Ethics experts are having a field day with this one, pointing fingers at potential conflicts of interest and market manipulation concerns. Meanwhile, the availability schedule ticks away like a time bomb, promising more market drama ahead.
The project faces mounting scrutiny over its legitimacy and ethics, but let’s be honest – the whales who dumped too soon aren’t losing sleep over ethics. They’re too busy calculating their losses from that ill-timed dump and desperate rebuy.
