A crypto trader, which faced fluctuations in the field of crypto trading, first offered a very good profit from the Trump Memecoin and after that it suffered a loss of $ 21 million. This loss occurred when the trader made another investment in Trump MemeCoin, but suddenly the global trading battle caused a huge decline in the market and the fall caused the crypto trader to suffer a big loss. Such disadvantages occur in the field of cryptocurrency, as the crypto market remains unstable. Likewise once before Investing in pepes, trader damaged $ 500K Was. These incidents suggest how important it is to do the right research before investing.
TRUMP Memecoin initially benefited $ 11m
First on January 18, the crypto trader made a profit of $ 11 million by selling 860,895 units of Trump Token for $ 23.8 million. In the beginning he had an investment of only $ 12 million and Trump Token Wort increased from $ 13.94 to $ 27.67. This benefit inspired the trader to invest more.
However, this success did not last long. The trader then invested $ 33.9 million for 766,083 Trump Token, the price of each token was $ 44.25. Exactly after this, the American Government imposed tariffs (tax) on China, Canada and Mexico, causing upheaval in the global financial market. Due to this, Trump MemeCoin Worth declined drastically and the investment of the trader was reduced by about half. Currently, he has 766,083 token, which is just $ 12.85 million, causing him to lose $ 21 million.
This is the event, a warning for investors
The incident has come as a warning for cryptocurrency investors, as it shows how big a global event, such as trade war or political decisions can play for the crypto market. Due to the tariff, there has been a major decline in many other crypto prices including Trump Memecoin. While some people believe that the trading policy of President Trump may also contribute to this, some people also believe that it can be a big sign for Crypto’s future. This incident states that Pump and dump in Trump Token This damage has occurred.
However, after this loss, the US President had taken a decision to temporarily stop the tariffs imposed on Canada and Mexico, which gave some relief in the market. But by that time, it was late for many investors and they had been damaged. It has become clear from this incident that the risk in crypto trading is always there and complete information and awareness is necessary before any type of investment.
Conclusion
This phenomenon is an important example of how global events and trading policy can have a profound impact on the cryptocurrency market. Although the trader earned a major profit in Trump MemeCoin, the unrestability caused him to hurt him due to the trade war. This is a big message for investors that it is very important to understand risk and evolution of market conditions while investing in cryptocurrency. Because similar disadvantages have also been seen in cryptocurrency like pepe coin.
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