- Whale’s calculated moves earned $2.15M in $LIBRA profits through precise timing.
- Despite gains, $TRUMP faces downward pressure, with support at $16.20-$16.40.
- $TRUMP may see up to 97.62% growth by February 2025, hitting $32.65.
A crypto whale or institution that had locked in over $96.87 million via $TRUMP earned an additional $2.15 million from $LIBRA. The entity exploited market shifts and timed purchases, showing a firm grasp of profitable trades in the unpredictable crypto market.
Whale’s Strategy and $LIBRA Profits
The President of Argentina, Javier Milei, retweeted a post regarding the complexity of purchasing $LIBRA. The tweet suggested that those struggling with the process were not ordinary investors but rather speculators.
Yet, $LIBRA, $LIBRA price surged following the tweet. The trader known as goofyahh.sol capitalized on the sudden increase, buying 10.4 million $LIBRA for $5 million USDC immediately after Milei’s retweet. Within an hour, they sold their holdings for $5.5 million USDC, securing a profit of $500,000.
Additionally, goofyahh.sol had previously netted $1.65 million by buying $LIBRA shortly after its launch. These trades brought their total earnings from $LIBRA to $2.15 million, showing precise timing and a measured approach to short-term price moves.
Connection to the $TRUMP Whale & Price Movements
The whale behind goofyahh.sol had also made significant gains on $TRUMP. After the deployment of the token, the address 6QS…tXv utilized 1.096 million USDC to acquire 5.971 million $TRUMP at just $0.18 per token.
The tokens were split across 11 wallets, including goofyahh.sol, before being sold in parts. This resulted in an impressive $96.87 million profit, delivering an 88x return on investment. Their ability to navigate market swings and capture price moves remains key to their success.
Related: Trader Who Profited $13M from TRUMP, MELANIA, and HARRYBOLZ Secures $4.56M Profit Trading LIBRA
Market Performance and Price Trends of $TRUMP
Despite the previous gains, $TRUMP has been experiencing a downward trend. The token has declined by 5.43% in the past 24 hours, with its price settling at $16.46.
The market capitalization fell by 5.44% to $3.29 billion, while trading volume dropped by 31.33% to $1.34 billion. The chart displayed initial strength with the price rising above $17.40 before meeting selling pressure that pushed the price lower.
Key Support and Resistance Levels
The token is currently stabilizing between $16.20 and $16.40. A fall below $16.20 could trigger further declines toward the $15.80-$16.00 range, with a stronger support level at $15.50 likely acting as a floor if bearish pressure continues. On the upside, resistance appears at $17.00-$17.40, and a move past $18.00 might signal a reversal.
Technical Indicators and Future Predictions
The Relative Strength Index (RSI) currently stands at 42.81, suggesting $TRUMP is not oversold but nears lower levels, pointing to moderate selling pressure rather than extreme bearishness.
Meanwhile, the MACD indicator reflects a negative value of -4.417, signaling ongoing bearish momentum. Unless significant buying activity emerges, the price may continue its current trend.
Related: Ripple and Galaxy Loaned MoonPay $160M On the Weekend TRUMP Launched
For February 2025, Coincodex market projects a surge with $TRUMP possibly climbing up to 97.62% to an average of $32.65. The projected range spans from $17.29 to $58.94, offering a potential return of 256.77% from current levels.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
