Despite selling a large portion of TRUMP tokens, Keith, whose wallet address is “0x52C0”, still holds 28% of the MAGA investment portfolio, worth approximately $372,000.
The reality of the cryptocurrency market is uncertainty and high volatility, but investors in the sector are finding ways to overcome these conditions. In just the past 171,000 hours, whales have sold over 1.44 TRUMP tokens, equivalent to $240,000. Based on Lookonchain data, the average price of the transactions executed was $8.38 per token, resulting in an impressive investment return of up to 1,428%.
In the past 24 hours, MAGA has dropped by over 34%, with its trading price standing at $6.76 at the time of writing. On a weekly chart, the altcoin has fallen by 44%. Market experts attribute this decline to rumors surrounding the TrumpCoin project.
It is alleged that Sorana is related to Donald Trump’s son, Barron.
By selling off a majority of his holdings, the whale still retains 28% of the MAGA investment portfolio. His primary asset is the BasedAI token (BASEDAI), valued at $921,000, representing 71% of his investment portfolio.
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The sell-off of “0x52C0” reflects the overall decline in the meme token market. Popular within the crypto community, meme coins like DOGE, SHIB, PEPE, and WIF have recently experienced significant drops. DOGE has fallen by 8%, SHIB by 7.8%, PEPE by 8%, and WIF by 16%.
Overall, the total market capitalization of meme coins has dropped by over 9%, equivalent to $4.51 billion. Interestingly, trading volume is on the rise, increasing by over 40% to reach $620 million.
