Cryptokit loses $ 21 million on investment in TRUMP meme coin

An unknown crypto whale lost $ 9 million on investments in the TRUMP meme-coin, trying to repeat his previous success. In January 2025, he invested $ 12 million USDC, buying the token for $ 13.94 and selling it at $ 27.67, earning $ 11.8 million. The deal was noticed by Lookonchain analysts.

However, the investor later bought 766,083 TRUMP again for $ 44.25, after which its value collapsed. At this time, his losses reach $ 21 million, including the loss of all profits and the initial deposit.

This is not the first time traders have suffered losses due to political meme coins. Earlier, another investor lost $ 1 million on speculations with the BARRON token, which was linked to Donald Trump’s son, although he had nothing to do with it.

Amid the growing interest in meme coins, in January, Donald and Melania Trump launched their own cryptocurrencies, OFFICIAL TRUMP and Official Melania Meme, which caused a significant response in the crypto community and even led to the failure of the Solana blockchain SOL $172.08 Solana 0.07% Market capitalization $84.1 billion VOL. 24 hours $0.27 billion .

Earlier, we reported that American pastor Lorenzo Sewell, who read a prayer at the inauguration of the new US President Donald Trump, created a cryptocurrency that promised to be a new breakthrough in the world of meme coins. However, the value of the token dropped by almost 100% in a short time, causing significant losses to investors.