Early Investor Shatter.sol Cashes Out $35 Million Profit from TRUMP Memecoin

In an astonishing instance of memecoin speculation, a famous crypto trader known as shatter.sol has now fully exited their position in $TRUMP, reaping a massive $35.01 million profit in the process.

That sale, executed eight hours ago, marked the end of an exceptionally lucrative trade with an unbelievable 163x return on the initial investment.

At a moment when the memecoin politically themed $TRUMP has, since its launch last month, dropped 63% from its peak, this massive cash-out brings something to light. It raises questions about whether other early investors might also be planning to cash out, something that could happen if they see the price going lower. And if they do, there’s a good chance it could put further downward pressure on the token’s price.

This impressive trade can be traced back to an anonymous wallet, 6QSc2…J9tXv, which made a bold move on day one of $TRUMP’s listing. The wallet aped in early, purchasing 5.97 million $TRUMP tokens for a mere $1.096 million USDC, securing an entry price of just $0.1835 per token.

Instead of keeping all of the funds in one location, this investor scattered 1.17 million $TRUMP tokens to shatter.sol while dividing the remaining tokens among nine other wallets. In the weeks that followed, as the $TRUMP price ascended to the altitude of a space rocket, shatter.sol’s share of the haul inflated along with it—obviously not as much as the price itself, but enough to allow shatter.sol to enjoy one of the most profitable trading episodes in the memecoin universe of late.

At long last, after weeks of being on hold, shatter.sol pulled off a full exit strategy, divesting themselves of an impressive 115,304 $TRUMP tokens in a last move that allowed them to fully liquidate their entire stash of 1.17 million tokens. And the outcome? A spectacular $35 million windfall from a trade that cost them next to nothing.

Similar to many memecoins linked to prominent public personas, $TRUMP enjoyed an unprecedented initial upswing in value that was propelled by pure hype, healthy speculation, and amped-up political fervor. The coin appeared to have almost everything in its favor: it was directly tied to one of the most electrifying and polarizing public figures in America. It had that Sweet Memecoin Essence, and the marketing and buzz on social media were nearly ubiquitous and entirely enthusiastic. And for a brief moment, the price of $TRUMP seemed to reflect that.

But sustaining a rally proves troublesome, as it does for most tokens driven by memes. From its high, $TRUMP has fallen 63%. Where it goes next is tied to the way in which the broader world of tokens driven by humorous instances volatility goes next. And right now, that world seems more likely to head down than up, especially with major whale players like shatter.sol now trying to empty their pens.

The crucial inquiry at this moment is whether other initial investors will mimic shatter.sol and start to withdraw their money. When large investors unload a lot of an asset, it’s often a signal to the smaller investors that it’s time to sell before the price drops even more. And when the smaller investors also start to sell, they create downward momentum that can make the price drop even faster.

Simultaneously, there remains a chance that fresh investors could enter the market, regarding the latest price drop as an attractive entry point. Certain traders might hold the view that $TRUMP is not yet done with its rallying ways, particularly if the coming weeks see the kind of social media excitement or political developments that usually push the price of the token up.

The reality, though, is that memecoins have no real value and can go up or down in price based only on what a few people think. That’s the case with $TRUMP right now. It could have no value in a week. It has value today only because a bunch of us are trying and doing things with it, and even that is kind of a stretch. Whether it holds any value in the long term is really quite uncertain.

Shatter.sol’s $35 million cash-out is a classic case that illustrates the operation of memecoin markets. Investors who get in early, accumulate low, and exit high can achieve absolutely astronomical gains, while those who join the party too late or fail to hit the “sell” button in time risk being left holding bags that are suddenly much lighter.

For traders who still possess $TRUMP, the path forward is unclear. Might a fresh surge of speculative buying drive the token back up, or will the downward trend roll on as more and more of the early big holders dump their tokens? What is certain, though, is this: when it comes to memecoins, the only sure thing is still volatility.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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