According to crypto onchain data, an early-stage crypto whale who recently purchased the MELANIA memecoin has liquidated his positions.
The crypto whale in question made a $800,000 purchase at $0.20 on January 20, right after Donald Trump’s wife Melania Trump launched her own memecoin called MELANIA. Within a few hours, after the price of the MELANIA token jumped very suddenly, he sold off about half of his tokens at an average price level of $11.5, earning about $13 million.
The whale wallet, which has not sold its remaining tokens since then, has now started selling profits again today after the MELANIA price really dropped significantly. According to the data, the whale wallet sold its remaining tokens at an average price of $ 1.60 and made a total profit of $ 3.13 million from its last sale.
If the whale had sold the rest of its tokens during MELANIA’s peak, it would have made a total profit of $35 million. However, the whale wallet missed this chance and was unable to capitalize on a $22.87 million opportunity. Still, it should not be forgotten that this whale made a significant profit by acting early.
Chart showing the huge drop in MELANIA price.
*This is not investment advice.
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