Compass Investments

Crypto vs. Dollar

📌 Solana trader loses $892,000 on FOMO from Trump’s cryptocurrency executive order.

In this post: solana Traders lost $892K trading 13 tokens, including $456K on ALON and $254K on VINE, during the memcoin fOMO caused by Trumps token launch. . Token

– In this post: solana Traders lost $892K trading 13 tokens, including $456K on ALON and $254K on VINE, during the memcoin fOMO caused by Trump’s token launch.

the TRUMP token, which has a market value of $9 billion, fell 51% while MELANIA fell 80% , giving traders a mixed fate.

critics call Trump’s memcoin launch a stunt, but some see it as a sign of cryptocurrencies’ potential for capital formation and branding.

investor Solana (SOL) suffered significant losses of about $900,000 after a series of failed trades and swaps on several tokens. According to cryptocurrency tracker Lookonchain, the trader’s only profitable trade was for just US$231.

early Friday morning Lookonchain traded a total of 13 tokens, causing the Solana owner to lose US$892,000. They found

They withdrew 4,248 SOL tokens from the exchange, hoping to capitalize on the surge in memcoin popularity caused by the release of TRUMP and MELANIA tokens by President Donald Trump and the US First Lady. However, their trading strategy didn’t work, and almost all trades made losses: according to data provided by

Lookonchain, the trader made 13 separate trades over the past two days; one token, Ainty, made just over $200; one token, Rus Yussef, made just over $200; and one token, Ainty, made just over $200. The rest of the deals fell short of his hopes, including a staggering $456,400 on Alon memcoin (ALON) and $254,500 on Vinecoin (VINE) linked to Rus Yussef.

On January 17, President Donald Trump launched the TRUMP token based on the Solana blockchain; within three hours, the market capitalization of the TRUMP token grew to nearly $9 billion, and its price increased by more than 200% .

two days after the debut of TRUMP, U.S. First Lady Melania Trump announced her

In the short period between the two launches, some traders managed to cash in on the hype surrounding the token. On January 20, Lookonchain’s website reported that a trader said he had purchased 5 million MELANIA tokens worth $688,000. He later sold all the tokens and made a profit 62 times his investment, or more than 40 million USD.

this person sold all his MELANIA tokens, making a total profit of 42.7 million USD (62 times)!

Another trader also participated in the November Peanuts the Squirrel (

Another trader also took advantage of his good fortune and made a profit of $7.7 million on the November Peanuts the Squirrel (PNUT) market surge, taking in $28.4 million and $6.36 million respectively on TRUMP $MELANIA.

Not everyone was happy, however: Lookonchain pointed to a wallet associated with cryptoinformer Ansem that lost more than $2.5 million in TRUMP tokens. The wallet spent $9.3 million to buy the tokens for $48 and sold them for $35, ending up with $6.8 million.

Bitcoin

Bitcoin

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BTC -0.27%

Ethereum

Ethereum

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ETH 4.31%

Binance Coin

Binance Coin

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BNB 0.94%

XRP

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$2.71

XRP -0.48%

Dogecoin

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$0.27

DOGE -0.46%

Cardano

Cardano

$0.82

ADA 6.59%

Solana

Solana

$184.58

SOL -2.93%