Whale that lost on TRUMP Meme Coin took Long Position on PEPE! - Coin Bulletin

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A whale investor who opened a long position in TRUMP token but was partially liquidated due to a sharp drop shifted their focus to PEPE and achieved an unrealized profit of 81 thousand dollars with a new position using 10x leverage.

According to a post by Lookonchain, a whale trader opened a long position on the TRUMP token two hours ago. However, due to the sharp decline in the price of TRUMP, he had to quickly close his position and was partially liquidated. After this loss, the whale changed his strategy and opened a new long position on the PEPE meme coin with 10x leverage, and he has currently managed to achieve an unrealized profit of $81,000.

This situation highlights the high volatility and rapid directional changes in the meme coin market. Tokens with political themes, such as TRUMP token, can be particularly affected quickly by news flow and developments, as seen once again in this example.

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The whale's shift towards PEPE after the loss in TRUMP and its rapid turnaround here shows that even experienced traders occasionally face losses, but they can quickly adapt their strategies by reading the market. It is particularly noteworthy that this turnaround was achieved using high leverage, such as 10x.