Compass Investments

X-account suggested that the Trump Official Utility Token (TRUMP) could become a utility token, and the price briefly rose.

After volatility in the market increased, whales sold and bought.

Since DB did not disclose the nature of the hack, other traders suspected market manipulation.

A message from DB’s X account caused a temporary spike in the official price of TRUMP.DB later explained that the account had been hacked, but not before it caused trading disruption and losses.LINE_ DB’s BREAK message stirred up the crypto community by suggesting that Trump’s official meme token (TRUMP) could be useful in the future. A few minutes later, DB explained that the message was due to an account hack;

DB is still investigating the nature of the hack, as access to the X account is highly unlikely. Hacked X accounts continue to pose a risk, often causing transaction anomalies and exposing fake tokens News of the TRUMP token’s usefulness spread less than an hour before it was denied{

others were skeptical of the message because it didn’t look like a hack skeptical because the messages didn’t look hacked. The promotion of TRUMP, rather than a new CA for token memes, raised suspicions of insider information. At this point, the impact on TRUMP’s price was short-lived and limited; the post on DB was valid for 10 minutes, but that was enough to spread as likely news; the utility of the token

TRUMP may increase demand and turn it into a more stable cult. For now, TRUMP is liquid and actively traded, but remains risky and reflects all the failures of Trump’s actual presidency. Recent surges and collapses could deal another blow to the token’s reputation.

This wholesome announcement triggered an immediate reaction from traders, which unfortunately resulted in losses.

One trader withdrew over 504,000 USDC from Binance to sniff out TRUMP in anticipation of more significant growth; within two minutes, the wallet owner sold it, losing about 26,000 USDC. The whale purchases occurred immediately after DB reported X and continued for some time after that.

One of the top whales with the highest realized profits, TRUMP, bought shortly after the collapse.

earlier, this whale realized $64.2 million in coin profits, topping the list of record profits. Despite the surge, TRUMP was also seen as a value-enhancing token, allowing the whale to sell the coin on the hype and make a profit.

the TRUMP trader with the largest realized profit re-entered the market and bought up tokens in the lower price range.LINE_ BREAK However, the second most active WHALE stuck to his selling strategy and continued to dump TRUMP during and after the recent rally. This trader made $64 million on TRUMP by focusing his selling on signs of a rally.

TRUMP briefly rose thanks to DB. The token briefly rose to over $11, showing that whales are happy to pick up on any sign of meme or social media ad activity. The overall rise reportedly reached 20% in a matter of minutes, allowing long traders to lock in big profits.