A trader missed out on potential profit worth tens of millions after selling Official Trump (CRYPTO: TRUMP) at a significant discount on Saturday, failing to act during the meme coin’s peak.
What Happened: The investor initially bought into TRUMP, the official cryptocurrency of President Donald Trump, when the price was approximately $1.03, according to the on-chain tracking platform Lookonchain.
They then offloaded all of their 637,000 TRUMP coins for $12.24 million, booking an impressive profit of $11.4 million.
However, if the trader had sold at the meme coin’s peak of $75.35, the profit could have exceeded $45 million. So, the late sale deprived them of $33 million in gains.
Full story available on Benzinga.com