A previously inactive crypto wallet generated roughly $2.5 million in unrealized profit after buying millions of TRUMP (CRYPTO: TRUMP) tokens shortly after the project announced a gala event for top holders.
Dormant Wallet Makes $7 Million Bet
A dormant wallet accumulated about 2.2 million tokens of Official Trump shortly after the project announced a gala luncheon at Mar-a-Lago.
According to on-chain data from Arkham Intelligence, the wallet, inactive for five months, began purchasing tokens from Binance on Mar. 13.
The whale executed four transactions, starting with a smaller test buy before making two purchases of roughly 1 million tokens each, followed by another 200,000-token acquisition, totalling …