Haciyev Reşit 
Three major developments drew attention in the crypto market today: the TRUMP memecoin backed by Donald Trump, large-scale Bitcoin sales dating back many years, and a massive blockchain fraud incident. On-chain data shows that this activity has increased short-term market volatility, influenced investor sentiment, and could lead to temporary price fluctuations. These events highlight the importance for investors to closely monitor whale movements and high-volume token transfers.
Suspicious Transfer in TRUMP Memecoin
The TRUMP memecoin, known to be associated with U.S. President Donald Trump, triggered new selling concerns in the market. According to on-chain data, a wallet deposited 381,000 TRUMP tokens (approximately $2 million) into the Binance exchange. This move is viewed as a large-scale token transfer potentially carried out by developers or early investors and could create short-term price pressure. Investors note that such large transfers can cause sudden volatility, especially in low-liquidity memecoins.
Early Bitcoin Whale Starts Selling
An early Bitcoin whale who accumulated large amounts of BTC during Bitcoin’s early years sold 500 BTC today for approximately $47.77 million. The whale originally purchased 5,000 BTC 12 years ago for just $1.66 million, when Bitcoin was trading at around $332.
Since December 2024, the whale has been executing a gradual selling strategy, having sold 2,500 BTC so far at an average price of $106,164, totaling approximately $265 million. The investor still holds 2,500 BTC (worth about $237.5 million), with total profits estimated to exceed $500 million. These sales stand out as a key development for long-term investors to monitor closely.
Massive Blockchain Scam and XMR Surge
According to blockchain investigator ZachXBT, a user lost more than $282 million worth of BTC and LTC due to a social engineering attack carried out via a hardware wallet. The attacker converted part of the stolen assets into Monero (XMR), causing a sudden spike in the price of XMR. It was also reported that the attacker swapped 818 BTC (approximately $78 million) via THORChain into 19,631 ETH, 3.15 million XRP, and 77,285 LTC. This incident once again underscores the importance of strong blockchain security practices and proper wallet protection.
Markets Should Prepare for Volatility
The TRUMP memecoin transfer, early Bitcoin whale sales, and the massive fraud incident collectively create a significant short-term volatility risk for the market. These events can trigger sudden price movements and temporarily impact market liquidity. Closely tracking whale activity, large token transfers, and on-chain data can help investors stay prepared for potential price surprises. Additionally, such large transactions and hacking incidents highlight the critical importance of risk management strategies and portfolio diversification.
Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.