An unknown whale makes a whopping $3.7 million profit on TRUMP token. He somehow knew when to sell right before the price went down.

According to data from Lookonchain, whale wallet “0x52C0” has sold over 171,000 TRUMP tokens for 414 Ether worth $1.44 million in the past 24 hours. A total profit on their investment including previous sales was over $3.7 million.

Not bad for a current market sell-off amid the scandals around Donald Trump meme coins.

Analysts note that the unknown whale still has loads of TRUMP tokens in their wallet. At the time of writing his holdings were worth $372,000. But the mysterious investor has interests far beyond ex-presidents meme coins. He also holds the BasedAI (BASEDAI) token, worth $921,000.

The TRUMP token fell over 30% in the last 24 hours to trade at $7.88.

One of the reasons Trump-related tokens started falling was the rumor that Trump has launched an official mem coin by himself. According to these rumors the token is run on Solana blockchain. Trump’s 18-year-old son, Barron, was managing the token under the name TrumpCoin (DJT).

Be it as it may, there is no credible evidence DJT was actually launched by any of the Trumps. There is no official confirmation from ex-president's team. Well established blockchain data firm Bubblemaps is pretty confident on the information that DJT isn’t linked to Trump directly.

As presidential election day is approaching, both candidate fuel more crypto debates on crypto. While Biden stays pretty aggressive towards cryptocurrencies, Trump now claims himself a 'Bitcoin president' and promises bright future for bitcoin miners. Launching an official meme coin might be in line with this statements.