Original author: Frank, PANews
As the pinnacle of celebrity coins, the launch of the TRUMP token triggered extreme FOMO sentiment in the market and attracted many big players to enter the market. However, with the coldness of the entire MEME market and the exposure of the insider teams one after another, the price of TRUMP plummeted from the peak of $75 to the lowest of $7.2, a drop of more than 90%. On April 18, the TRUMP token ushered in 4% of the token unlocking, and the market estimated that this would intensify the panic of the token and trigger a new decline. On the other hand, on April 20, it was reported that Trump planned to hold a dinner for TRUMP token holders. With the combination of good and bad news, the TRUMP token seems to have stopped falling and started to rebound.
Previously, PANews conducted an in-depth analysis of the holdings of TRUMP tokens (Related reading: The Wealth Truth of TRUMP Tokens: Big Players Compete in the Arena, Each Person Bought $590,000, and an Address Bought $1.09 Million in One Minute of Token Issuance ). Three months have passed. How are the big players making profits and losses today? What new changes have taken place in the distribution of TRUMP tokens?
Even big investors couldn’t stand the sharp drop, and 86.9% of them have liquidated their positions
Compared with the overall data, TRUMPs major holders have frequently changed hands in the past three months. Compared with the data on January 20, among the top 1,000 major holders, 86.9% of them chose to liquidate tokens, with a total of 48 million tokens liquidated, accounting for 24% of the total circulation.
Data as of April 21 shows that the top 1,000 addresses hold about 98.51% of TRUMP tokens, up 3.68% from 95.83% on January 20. The above data shows that TRUMP tokens have a significant turnover, and the chips seem to have become more concentrated at the trough stage.
In the past three months, among the newly added large addresses, Robinhood has become a relatively prominent new large address in the exchange, and its token holdings have increased by 1.44% in 3 months. In addition, the exchange addresses mainly in the US market, such as Crypto.com and Meteora, have significantly increased their holdings. Among the individual large accounts, many of them entered the market when the price of TRUMP was high at the end of January. After being trapped, they are still increasing their positions, but overall they have suffered serious losses. In terms of token holdings, these holding addresses bought 12.2% of the tokens after January 20.
Among the large addresses that continue to hold tokens, the token development address increased its holdings by about 1.38 million tokens. However, most of these tokens were transferred back from other small addresses, not purchased and increased.
According to PANews observations, among the addresses where positions were liquidated, many of the top investors started buying around January 18 and chose to liquidate positions on or before February 1, and most of them made considerable profits.
In general, the earliest profitable TRUMP big investors have basically exited the market. Many of the new addresses in the market are big investors who bought the bottom several times at the high price after January 20 and were trapped. However, judging from the trading behavior, many big investors seem to be optimistic about the future of TRUMP coin and are still increasing their positions.
Some people made a profit of 25 million, while others lost 33.66 million US dollars.
Among the big holders who have cleared their positions, the one with the largest profit should be the address 2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv (hereinafter referred to as 2 Fe 47). This address received 25 million TRUMP tokens from the founding address before TRUMP was launched, and immediately distributed them on the market after the launch. Later, it received 27 million tokens from the founding address 5 e 2 qR and sold them again, with a total of more than 112 million US dollars. Finally, the remaining tokens were collected in the founding address 5 e 2 qR. Data on January 20 showed that the address held more than 1 million tokens, all of which have been cleared. Judging from the operation path, this address is suspected to be the trumpet address of the TRUMP token project.
Another big user, 3AWDTDGZiW8joyfA52LKL7GUWLoKBCBUBLUE5JoWgBCu, started buying TRUMP as soon as it went online on January 18, spending $78.55 million to buy it, and finally selling $103 million, making a profit of $25.17 million. However, the last time he entered the market was between January 25 and January 27. The user believed that the TRUMP coin had fallen to a low point, and spent $12.78 million to build a position. By February 2, he thought that the price might fall endlessly, so he sold all his positions for $9.23 million. But overall, this address still made considerable profits on TRUMP tokens.
There is another big account that started buying TRUMP tokens from various exchanges around January 20, spending a total of $45.73 million to buy 1.11 million tokens, with an average cost of about $41. After selling 300,000 tokens at $17.6 on February 7, he still holds 810,000 tokens, with a floating loss of about $33.66 million so far, and a loss rate of 73%. It is the address with the highest single loss among the new big accounts.
Coincidentally, the user of the address 6qgBGeZgPyxdobeHhcNtAqVe927zodpiuoufhwGN8BhP had similar operations to the above-mentioned addresses. He also started hoarding coins through several associated addresses from January 20, spending a total of $16.67 million. He currently still holds $6 million in tokens, and his losses also exceed $10 million.
The dramatic fluctuations of the TRUMP token are like a reality show in the crypto market, which not only shows the myth of getting rich quickly in the MEME coin speculation wave, but also reveals the cruel reality under the high-leverage game. From the precise cashing out of the early big players to the deep quagmire of the subsequent takeovers, the winners and losers in this game have been clearly divided by the market. Although Trumps good news from the dinner party temporarily injected momentum into the tokens rebound, the shadow of highly concentrated chips and suspected manipulation by the project party has always lingered. The current TRUMP token seems to have a respite after the bad news has been exhausted, but its fate is still firmly subject to the resonance of the celebrity effect and market sentiment. For retail investors, this roller coaster-like market is undoubtedly a risk education lesson: in the MEME coin battlefield lacking fundamental support, even the endorsement of top traffic may just be a gorgeous coat for capital harvesting.
