In this news:
One savvy crypto trader has executed five Fartcoin (FARTCOIN) swing trades since mid-March — and all of them were profitable. To be more precise, the account associated with the following address: DiKD8kVJpyaZUSNZL4gcuHix6bmG29ELa3XZkQLBYFm4, has earned a profit of $669,188 through those trades, per data from Lookonchain.
However, despite the impressive winning streak, data retrieved by Finbold from Solscan indicates that this trader exchanged all of his Fartcoin — some 1,185,436 tokens, for 78,750 Official Trump (TRUMP) on April 26.
Could this crypto trader’s Official Trump acquisition be a play for the token’s leaderboard?
At the time of the swap, Official Trump was changing hands at a price of $14.7. By press time on April 28, the price of TRUMP had risen to $15.37. This latest move to the upside has brought returns in the last seven days up to 83.93%.
Therefore, our enterprising crypto trader has already made a 4.55% return on his investment. However, there’s a distinct possibility that profit was not the chief goal here.
The 220 biggest Official TRUMP holders will be invited to an exclusive event with the President in May. The swap could be part of a long-term play. On April 25, one of the top 20 wallets on the leaderboard also executed a large swap in order to retain its ranking. At present, Justin Sun, the founder of Tron (TRX), is in first place, with more than 1 million TRUMP tokens.
While the address in question isn’t currently on the leaderboard, the account in question could easily qualify for a spot with a few more acquisitions of this size.
Featured image from Shutterstock
.png)
