- Whale 3AWDT profits $32.02M from $TRUMP and MELANIA trades, triggering token price drops of 8.89% and 18.2%.
- Solana’s USDC supply jumps 81.89% to 8.16B, fueled by increased trading of $TRUMP and MELANIA tokens.
- Whale activity highlights Solana’s growing role in facilitating high-volume trades, boosting USDC liquidity by 3.67B.
A smart whale identified as 3AWDT executed major transactions involving $TRUMP and MELANIA tokens. The whale sold 604,988 $TRUMP for 22.37M USDC at an average price of $36.98. Additionally, 740,495 MELANIA were offloaded for 2.6M USDC at an average price of $3.511. This activity marked the whale’s third $TRUMP trade and second MELANIA trade.
The whale earned a total profit of $32.02M from these two tokens. Profits included $26.7M from $TRUMP trades, achieved with a 67% win rate, and $5.32M from MELANIA trades, realized with a 50% win rate. This trading activity significantly impacted token prices, with $TRUMP dropping 13.13% and MELANIA plunging 28.72% over the past 24 hours.
Solana’s USDC Supply Surges Amid Trading Boom
The trading activity surrounding $TRUMP and MELANIA tokens coincided with a sharp increase in Solana’s USDC supply. Over the past week, the USDC supply on Solana rose by 81.89%, reaching 8.16 billion USDC. This growth reflects a net increase of 3.67 billion USDC, likely fueled by heightened trading activity involving tokens like $TRUMP and MELANIA.
Currently, Solana’s USDC supply accounts for 15.86% of the total multi-chain issuance of USDC. The increased liquidity on Solana aligns with the trading boom, highlighting its growing role in facilitating high-volume token transactions.
Market Dynamics Highlight Interconnected Growth
The trading activity of whale 3AWDT and the surge in Solana’s USDC supply underscore the interconnected nature of market movements. The whale’s profit-driven transactions contributed to a price decline for $TRUMP and MELANIA tokens while simultaneously highlighting Solana’s ability to accommodate substantial trading volumes.
These developments may signal broader implications for token liquidity and trading activity on blockchain platforms like Solana, as traders capitalize on market opportunities.
