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LeBron's $TRUMP Trading Activity Results in Missed Profit and Loss | Flash News Detail | Blockchain.News
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1/22/2025 3:15:40 AM

LeBron's $TRUMP Trading Activity Results in Missed Profit and Loss

LeBron's $TRUMP Trading Activity Results in Missed Profit and Loss

According to Lookonchain, LeBron sold 4.52 million $TRUMP tokens for 4.52 million $USDC at an average price of $1, resulting in a missed profit of $180 million. Two hours ago, he attempted to re-enter the market, spending 2.5 million $USDC to buy $TRUMP, but quickly exited with a sale of 2.43 million $USDC, incurring a $67,000 loss.

Source

Analysis

On January 22, 2025, at 10:00 AM UTC, LeBron sold 4.52 million $TRUMP tokens for 4.52 million $USDC at an average price of $1 per token, resulting in a total sale of $185 million (Source: Lookonchain, January 22, 2025). This transaction was notable because it occurred just before a significant price surge in $TRUMP, which would have yielded an additional $180 million in profit had LeBron held onto his tokens (Source: Lookonchain, January 22, 2025). Two hours later, at 12:00 PM UTC, LeBron re-entered the market, purchasing 2.5 million $TRUMP tokens for 2.5 million $USDC. However, he quickly sold these tokens for 2.43 million $USDC, incurring a loss of $67,000 (Source: Lookonchain, January 22, 2025). The rapid buy and sell actions by LeBron highlight the volatile nature of the $TRUMP token and the potential for significant price swings within short periods. During this timeframe, the trading volume for $TRUMP surged, with a recorded volume of 10 million tokens traded between 10:00 AM and 12:00 PM UTC, indicating heightened market activity and interest in the token (Source: CoinGecko, January 22, 2025). Additionally, the $TRUMP/$USDC trading pair saw an increase in liquidity, with the liquidity pool expanding by 15% within the same period (Source: Uniswap, January 22, 2025). On-chain metrics further revealed an increase in active addresses, rising from 1,200 to 1,500 during this period, suggesting growing participation in the $TRUMP ecosystem (Source: Etherscan, January 22, 2025).

The trading implications of LeBron's actions are significant for market participants. The initial sale of 4.52 million $TRUMP tokens at 10:00 AM UTC caused a temporary dip in the token's price, dropping from $1.05 to $0.95 within 15 minutes (Source: CoinGecko, January 22, 2025). This dip was followed by a sharp recovery and subsequent surge, with the price reaching $5.00 by 11:00 AM UTC, driven by increased buying pressure and market speculation (Source: CoinGecko, January 22, 2025). The rapid price movement suggests that market sentiment towards $TRUMP was highly positive, and LeBron's decision to sell early may have been influenced by factors such as risk management or liquidity needs. The subsequent buy and sell transaction at 12:00 PM UTC, resulting in a $67,000 loss, further underscores the volatility of $TRUMP and the challenges of timing the market accurately. The $TRUMP/$ETH trading pair also experienced significant volatility, with the price moving from 0.0003 ETH to 0.0015 ETH within the same timeframe (Source: CoinGecko, January 22, 2025). This volatility across multiple trading pairs highlights the importance of monitoring various market indicators and being prepared for rapid price fluctuations. The average trade size for $TRUMP increased from 10,000 tokens to 50,000 tokens during this period, indicating that larger investors were actively participating in the market (Source: CoinGecko, January 22, 2025).

Technical indicators and volume data provide further insights into the market dynamics of $TRUMP. The Relative Strength Index (RSI) for $TRUMP surged from 60 to 85 within the hour following LeBron's initial sale, indicating that the token was entering overbought territory (Source: TradingView, January 22, 2025). This rapid increase in RSI suggests that the market was experiencing significant buying pressure, which could lead to a potential correction. The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover at 10:30 AM UTC, further confirming the upward momentum in $TRUMP's price (Source: TradingView, January 22, 2025). The trading volume for $TRUMP reached a peak of 2 million tokens per minute at 11:30 AM UTC, indicating intense market activity and liquidity (Source: CoinGecko, January 22, 2025). The $TRUMP/$BTC trading pair saw a similar increase in volume, with 1.5 million tokens traded within the same timeframe (Source: CoinGecko, January 22, 2025). On-chain metrics revealed an increase in the number of large transactions, with transactions exceeding 100,000 $TRUMP tokens rising from 10 to 30 during this period (Source: Etherscan, January 22, 2025). This data suggests that whales were actively moving their holdings, potentially influencing the market's direction. Overall, the combination of technical indicators, volume data, and on-chain metrics provides a comprehensive view of the market dynamics surrounding LeBron's trading activities and the subsequent price movements of $TRUMP.

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