The Trump TRUMP/USD meme coin has plunged 42.6% in the past week, following Donald Trump’s tariff announcement—a sharp reversal for the high-flying meme crypto.

What Happened: According to Lookonchain, a whale who had pocketed $11.8 million in TRUMP gains in mid-January reinvested his profits, only to see the trade turn against him.

The whale spent $33.9 million to acquire 766,083 TRUMP at an average price of $44.25, only to suffer a $21 million loss as prices collapsed.

This move erased not only their entire profit but also $9 million of the original capital.

Despite this steep drop, data from Merkle Science and Chainalysis, cited by Reuters, shows TRUMP having generated…

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