Whale’s $26.67M TRUMP Withdrawal from Binance Yields $3.4M Unrealized Profit

Whale Hm8po’s latest purchase of 121,000 TRUMP tokens raises his total holdings to 233,500, reinforcing substantial market activity in the Trump-themed cryptocurrency.

TRUMP

Summary

Cryptocurrency whale Hm8po purchased 121,000 TRUMP tokens worth $951,000 from Bybit, increasing his total holdings to 233,500 tokens valued at $1.81 million with an average cost of $7.08. This follows earlier activity where another whale withdrew 3 million TRUMP tokens from Binance worth $26.67 million, yielding over $3.4 million in unrealized profit when prices topped $9.

Terms & Concepts
  • Whale: An individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
  • TRUMP Token: A cryptocurrency named after former U.S. President Donald Trump, traded on crypto exchanges.
  • Binance: A major global cryptocurrency exchange offering trading across hundreds of digital assets.