$TRUMP Tokens Surge as New Wallets Accumulate

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What to Know:
  • $TRUMP tokens see major wallet activity with notable price shifts.
  • Over $1.5M in unrealized profits observed.
  • Market sees increased volatility post significant wallet movements.

A new investor has purchased $TRUMP tokens on Solana, leveraging Hyperliquid, resulting in over $1.5 million in unrealized profit, amid ongoing market volatility.

This significant transaction highlights potential insider activity, sparking scrutiny from analysts and affecting cryptocurrency market stability, particularly impacting Solana and related meme tokens.

Linked to former BitForex CEO Garrett Jin, a whale trader on Solana acquired significant $TRUMP tokens, achieving $1.5M in unrealized profit while leveraging Hyperliquid on October 29.

The transaction underscores heightened market volatility and speculative trading, emphasizing the unpredictable nature of $TRUMP and similar assets.

Garrett Jin-Linked Wallets Acquire $1.4M in $TRUMP Tokens

Recent data show Garrett Jin-associated wallets purchased 165,401 $TRUMP tokens worth $1.4 million via Solana, spending 5,346 $SOL. Jin denies personal involvement, stating the funds belong to his clients and deletes the statements made on Twitter.

Volatility Rises with Solana and Hyperliquid Activity

Solana and Hyperliquid saw a spike in trading activity, causing volatile price swings and possible trader liquidations. Simultaneously, crypto markets experienced volatility spurred by Trump’s tariff announcement, impacting liquidity and asset valuations.

Historical Comparisons Highlight Market Manipulation Concerns

Compared to past flash crashes, such as the 2010 S&P 500 incident, this event reflects significant market manipulation concerns. Experts predict continued volatility for $TRUMP with speculative trading driving high risks and potential large gains.

Garrett Jin, Former CEO, BitForex, – “The fund isn’t mine — it’s my clients’.”
Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
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Thane Morrison is a diligent crypto news author and keen blockchain and digital finance enthusiast. He writes insightfully correct engaging content on Bitcoin, altcoins, DeFi, and NFTs to help readers understand how this relentless, changing world works. Simplification and empowerment are what he really stands for and enables readers to keep their heads in the game when making vital decisions in such a demanding space.

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