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Recently, the cryptocurrency market has experienced significant volatility, causing many altcoins and popular tokens to suffer substantial losses. Notably, during a TRUMP token transaction, an investor incurred a staggering loss of $24 million. Similar declines were observed in Solana 
$124 and other major cryptocurrencies, prompting investors to be more cautious about risk management in the face of sudden market fluctuations.
$24 Million Loss in TRUMP Token Trade
On-chain analysis data revealed that an investor sold 763,582 TRUMP tokens for 9,483,807 USDC. Initially, these assets were valued at $33.9 million. However, due to a sudden price drop, the investor realized a loss of $24 million.
This transaction, according to Lookonchain data, became an inevitable loss. The decline in the TRUMP token price was influenced by overall selling pressure in the market. Movements by large investors further amplified market volatility.
Decline in Solana and Other Cryptocurrencies
The downturn in the cryptocurrency market negatively impacted many major projects, particularly Solana. Over the past 24 hours, the SOL token lost 12% of its value. This decline has increased investors’ tendencies to exit risky assets.
Other major cryptocurrencies also experienced similar declines. While liquidity in the market decreased, trading volume saw a notable rise. Significant losses were also reported in popular meme tokens within large investors’ portfolios.
Market experts emphasize the need for investors to be more vigilant in risk management. Sudden sell-offs and panic actions could lead to further losses. While some investors view this process as an opportunity, market conditions remain uncertain.
