Data: A Trump-related meme coin whale has spent approximately $6.97 million to purchase 2.2 million TRUMP

According to Yu Jin monitoring, an address that previously suffered a loss of approximately $14.61 million on the meme coin $MELANIA related to Trump's wife bought 2.2 million $TRUMP at a transaction price of about $3.17, investing approximately $6.97 million, suspected to be for obtaining qualification to attend the Trump Mar-a-Lago dinner.

On-chain records show that this address spent $28.93 million USDC last year to buy 13.975 million $MELANIA at an average price of about $2.07, and cleared the position at the end of the month at a price of about $1.02, incurring a loss of about 50%.