A significant $24 million loss in a TRUMP token trade has shaken the cryptocurrency market, prompting a cautious approach from investors. On-chain analysis revealed that an investor liquidated 763,582 TRUMP tokens for 9,483,807 USDC, initially worth $33.9 million. This sale led to a substantial loss of $24 million due to a price drop, making the transaction a guaranteed loss according to Lookonchain data. The decline in the TRUMP token price was influenced by broader market sell-off and large investor activity. 763,582 TRUMP tokens were sold for 9,483,807 USDC initially valued at $33.9 million which resulted in a massive $24 million loss. The downturn in the cryptocurrency market affected many major projects like Solana as its SOL token lost over 12% in value within the past 24 hours. This decline led to a greater awareness of risk and a rise in selling pressure, prompting investors to consider more secure investments. While some see this as an opportunity for growth, market experts encourage a cautious approach. Sudden sell-offs could lead to further losses.