Wallet Moves $2.2 Million in TRUMP Tokens to Binance Amid Heavy Losses

Arkham reports a whale deposited 417,700 TRUMP tokens to Binance, facing a 67% ROI drop and potential $4.61 million loss from earlier purchases.

TRUMP

Summary

A whale wallet identified as H7EZf deposited 417,700 TRUMP tokens, worth approximately $2.25 million, to Binance. These tokens were purchased months earlier at an average price of $16.44. Selling now would lead to an unrealized loss of about $4.61 million, representing a -67% return on investment.

Terms & Concepts
  • TRUMP token: A cryptocurrency token whose value can be traded on exchanges and is often influenced by political or market events.
  • Binance: A major global cryptocurrency exchange offering trading, custody, and various blockchain-related services.