Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A trader missed making millions in profit due to the premature selling of Official Trump (CRYPTO: TRUMP) tokens ahead of a bullish announcement on Wednesday. What Happened: The investor sold all their 630,339 TRUMP, worth $5.48 million, just before the announcement of an exclusive dinner date with President Donald Trump for the token’s biggest holders, according to Lookonchain.

The trader offloaded the tokens at $8.7 each, making a profit of around $483,000. However, had the trader waited until the announcement, his profit would have been over $4.5 million. Don’t Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.

Meanwhile, frantic trading activity was observed for the high-profile token. A whale investor bought $5 million worth of TRUMP as the price began to rise and sold it all in less than 30 minutes for $5.73 million, netting $731,800. See Also: Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account.

Why It Matters: The dinner, scheduled for May 22, is to be held at Trump National Golf Club in Washington, D.C., and is limited to the top 220 holders of the TRUMP token.