Major Whale Movements and $282M Security Breach Shake Crypto Markets

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Source: CryptoNewsNet Original Title: Donald Trump’s Memecoin Raises Concerns Over Developer Sales – Here Are the Whale Movements Original Link: https://cryptonews.net/news/bitcoin/32296811/ Three notable developments occurred in the cryptocurrency market today.

A high-value fraud case involving both a politically linked memecoin transfer and a large Bitcoin sale from years ago has caused a stir in the markets.

A wallet associated with the TRUMP memecoin, known to be supported by US President Donald Trump, reportedly deposited 381,000 TRUMP tokens (worth approximately $2 million) into a major exchange about 3 hours ago.

On the other hand, an early whale who has held a large amount of BTC since Bitcoin’s early years sold 500 BTC today for approximately $47.77 million. It was noted that this investor acquired a total of 5,000 BTC 12 years ago, when the Bitcoin price was around $332, for only $1.66 million.

The whale, which has been selling gradually since December 2024, has so far liquidated a total of 2,500 BTC (approximately $265 million) at an average price of $106,164. It is estimated that the whale, which still holds 2,500 BTC (approximately $237.5 million), has made a total profit exceeding $500 million.

Additionally, according to blockchain researcher ZachXBT, one user lost over $282 million worth of BTC and LTC as a result of a social engineering attack carried out via a hardware wallet. The attacker reportedly converted some of the compromised assets to Monero (XMR), causing a sudden surge in the XMR price. Furthermore, the attacker allegedly converted 818 BTC (approximately $78 million) into 19,631 ETH, 3.15 million XRP, and 77,285 LTC via THORChain.

TRUMP-5.56%
BTC-2.08%
LTC-7.09%
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