Author: Frank, PANews
As the pinnacle of celebrity coins, the launch of the TRUMP token triggered extreme FOMO in the market and attracted many large investors. However, with the overall coldness of the MEME market and subsequent exposure of the insider team, TRUMP's price plummeted from its peak of $75 to a low of $7.2, a drop of over 90%. On April 18, the TRUMP token experienced a 4% token unlock, with the market estimating this would exacerbate panic and trigger a new decline. On the other hand, news emerged on April 20 that Trump plans to host a dinner for TRUMP token holders. With a combination of positive and negative factors, the TRUMP token seems to have started to stabilize and rebound.
Previously, PANews conducted an in-depth analysis of TRUMP token holdings (related reading: 'TRUMP Token's Wealth Truth: Large Investors' Competition Arena, Average Purchase of $590,000, Token Sale Sees $1.09 Million Bought in 1 Minute'). Three months have passed. How are the large investors' profits and losses now? What new changes have occurred in TRUMP's token distribution?
Large Investors Can't Withstand the Plunge, 86.9% Have Cleared Positions
Comparing the overall data, TRUMP's large investor turnover has been very frequent in the past three months. Compared to the January 20 data, 86.9% of the top 1,000 token holders have chosen to clear their positions, totaling 48 million tokens cleared, accounting for 24% of the total circulation.
[Image]
As of April 21, the top 1,000 addresses hold approximately 98.51% of TRUMP tokens, an increase of 3.68% from 95.83% on January 20. These data indicate that TRUMP tokens have seen significant turnover, and tokens seem to have become more concentrated during the low point.
[Image]
In the past three months, among the newly added large investor addresses, Robinhood has become a notable new large investor exchange, increasing its token holdings by 1.44%. Additionally, exchanges like Crypto.com and Meteora, primarily focused on the US market, have seen significant increases in token holdings. Among individual large investors, many entered the market at TRUMP's price high in late January and are still continuously buying in despite being underwater, though overall losses are severe. From the token holdings perspective, these holding addresses bought 12.2% of the tokens after January 20.
Among the continuously holding addresses, the token development address increased holdings by about 1.38 million tokens, though most of these were transferred back from other small addresses and not purchased.
Among the addresses that cleared positions, according to PANews observations, many top investors started buying around January 18 and chose to clear positions by February 1, with most making significant profits.
Overall, the earliest profitable TRUMP investors have mostly exited. New addresses are largely from large investors who were trapped after multiple buy-the-dips at high prices after January 20. However, from trading behavior, many large investors still seem optimistic about TRUMP's future and continue to add positions.
Some Profited $25 Million, Others Lost $33.66 Million
[Image]
[Detailed analysis of specific wallet addresses and their trading activities omitted for brevity]
The TRUMP token's violent fluctuations are like a "reality show" in the crypto market, showcasing both the myth of quick riches in the MEME coin speculation wave and the cruel reality of high-leverage gambling. From early investors' precise profit-taking to subsequent bagholders trapped in the market, the winners and losers have been clearly divided. Although Trump's "dinner benefit" temporarily injected rebound momentum, the shadows of highly concentrated tokens and suspected project manipulation remain. The current TRUMP token seems to be catching its breath after negative factors, but its fate remains tightly bound to celebrity effects and market sentiment. For retail investors, this roller coaster ride is undoubtedly a risk education lesson: in the MEME coin battlefield lacking fundamental support, even "top traffic" endorsement might just be a glamorous cover for capital harvesting.
