Trump-Linked Crypto Whale’s High Profits Raise Insider Trading Concerns

Cryptocurrency data shows a prominent crypto whale associated with former US President Donald Trump has made substantial profits on a memecoin called MOONPIG. This whale, identified through its previous TRUMP token holdings, profited $1.4 million after quickly selling 600 TRUMP tokens and investing the proceeds in MOONPIG. Experts are raising concerns about potential insider trading due to this sudden shift of investment strategy and the timing. On another transaction, however, the same whale made a more modest profit of just $43,500 by selling all of its TRUMP tokens recently. This raises further questions about market manipulation and ethical considerations in cryptocurrency investments.