The Mimi coin supported this investor timing – it disappeared 207 thousand dollars in 60 minutes!

The prominent cryptocurrency whale has suffered a 207,000 dollar loss from the trading of the official Mimi currency (Trump) within an hour on March 23.

Interestingly, this whale has previously turned to $ 1.09 million to about 108 million dollars by purchasing 5.97 million Trump codes at an early stage.

207 thousand dollars went within an hour

According to the latest Blockchain Lookonchain Analysis Company to updateThe trader spent 5 million USDC Stablecoin to buy Trump immediately after US President Donald Trump publicly supported the distinctive symbol on the facts. the mail Read,

“I love $ Trump – very cool !!!

This tweet raised an increase in the price of the distinctive symbol over $ 12.25 on Sunday. However, this was followed by severe volatility, which led to the sale of the merchant off the holdings an hour later. Trump’s support for the Solana -based Mimi currency has increased to trading sizes to its highest levels in weeks.

Before the opening day on January 20, President Trump and Melania Trump launched official Mimi coins. Trump saw a rapid increase of $ 70 after that, but now trading at about $ 11.92 after a plane crash. Meanwhile, Melania amounted to approximately $ 13 before declining to approximately $ 0.69 in two months.

The launch initially sparked a political controversy. Criticism also arose from the allegations that Mimi’s currency benefited from Trump’s name without providing any real value for the encrypted currency industry.

After that, MP Sam Likardu foot The MEME law, which seeks to prevent senior government officials and their families from promoting or issuing cryptocurrencies such as coins. The draft law also requires President Trump to restore any profits obtained from Mimi currency projects for his family.

Mimi currencies and organization

According to the Securities and Stock Exchange Committee (SEC), the MEME currencies like the Trump code are not considered securities, and therefore, are not subject to SEC. The agency explained last month that the Meme currencies are digital assets driven by online or memes and aims to attract communities online.

With these assets focusing on the participation of fans instead of investment revenues, the federal securities organizer is seen as holdings, not financial securities, and thus put them outside the typical regulatory framework of securities.

SEC statement is in line with the comments made by Commissioner Hyster Peres, who leads the agency’s encryption squad, in January to reshape the encryption regulations. Pierce said in an interview that many MEC coins are located outside the SEC regulatory range.