Odaily report: Bernstein analyst Gautam Chhugani said that insiders holding $Trump tokens may distribute these supplies, causing unsuspecting investors to suffer losses, which has happened in the past with assets related to Trump, especially when the stock of Trump Media & Technology Group, the parent company of Truth Social, fluctuated. Gautam Chhugani added that given the token's market capitalization has risen so rapidly, the 80% supply held by insiders does put some pressure on it. However, tokens directly related to the president may be more durable than most tokens, but their ownership structure may reduce their appeal. In this case, meme coins leveraging Trump's brand and political image may have some durability, but their lifespan will depend on the potential token design, as 80% of the internal supply is provided by Trump's subsidiaries.