While memecoin investors scramble to make sense of market volatility, one crypto whale has decided to cut their losses and run. A trader identified as DNTpoX…LN2A liquidated their entire stash of 13.97 million MELANIA tokens on February 27, walking away with a staggering $15.68 million loss. Ouch.
The whale initially dropped 30 million USDC to acquire the tokens about a month ago, right when the former First Lady launched her digital currency venture. Talk about bad timing. The sale netted just 14.32 million USDC, representing over a 50% haircut on the initial investment. Not exactly the “art of the deal” these big players typically aim for.
The whale’s 50% loss on MELANIA tokens proves even crypto whales can spectacularly mistime their entries in the memecoin casino.
MELANIA has been in freefall, currently trading at $0.85—a brutal 93.5% crash from its January 20 all-time high of $13.05. The token’s market cap has shriveled dramatically from its peak of $4 billion. The official announcement from Melania Trump on X platform initially generated significant engagement, but that enthusiasm clearly didn’t translate to sustainable value. It’s not looking pretty.
This whale isn’t alone in their misery. Another big player, Gu2bnm…xmni, recently offloaded 6.69 million MELANIA tokens at a $3.73 million loss after holding for just 22 days. Seems like a pattern of “get me out of here” is emerging among deep-pocketed investors.
The TRUMP memecoin isn’t faring much better, down 83% from its all-time high of $73.43 to $12.60. These tokens lack intrinsic value and are primarily driven by internet trends rather than economic fundamentals. One unfortunate whale dumped their TRUMP position at a jaw-dropping $24.4 million loss. The Trump family coin collection isn’t exactly proving to be Blue Chip investments.
Meanwhile, regulatory storm clouds are gathering. Rep. Sam Liccardo is pushing the MEME Act to prevent lawmakers from cashing in on meme assets, with critics raising concerns about potential “rug pulls” and conflicts of interest.
The broader memecoin market is feeling the pain too, contracting to $102 billion with a 12% drop in just 24 hours. Analysts are split on recovery prospects, but with declining open interest and these massive whale dumps, the tide doesn’t seem to be turning anytime soon.
