Data Review: Changes in TRUMP Large Holder Positions Over the Past Three Months
As a peak creation of celebrity tokens, the launch of the TRUMP token triggered extreme FOMO sentiment in the market, attracting numerous large holders to enter. However, with the overall cooling of the MEME market and the subsequent exposure of insider teams, the price of TRUMP plummeted from its peak of $75 to a low of $7.2, a decline of over 90%. On April 18, the TRUMP token experienced a 4% token unlock, with the market estimating this would exacerbate panic surrounding the token, leading to further declines. On the other hand, on April 20, news emerged that Trump plans to host a dinner for TRUMP token holders. Amidst the 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 the TRUMP token’s holding chips. Three months have passed. How are the current large holders faring? What new changes have occurred in the distribution of TRUMP tokens?
Large Holders Can’t Withstand the Plunge, 86.9% Have Liquidated
From the overall data perspective, the turnover of large holders of TRUMP has been quite frequent over the past three months. Compared to the data from January 20, among the top 1,000 token holders, 86.9% of large holders chose to liquidate their tokens, totaling 48 million tokens, accounting for 24% of the entire circulating supply.
As of April 21, data shows that the amount of TRUMP tokens held by the top 1,000 addresses is approximately 98.51%, an increase of 3.68% from 95.83% on January 20. The above data indicates a significant turnover of TRUMP tokens, and during this low phase, it appears that holdings have become more concentrated.
In the past three months, the newly added large holder addresses have seen Robinhood emerge as a relatively prominent new large holder among exchanges, increasing its token holdings by 1.44% over three months. Additionally, addresses from U.S. market-focused exchanges like Crypto.com and Meteora have seen significant increases in token holdings. Among individual large holders, many began entering the market at the high price point of TRUMP in late January and are currently still accumulating after being trapped, but overall, they are suffering substantial losses. From the token holding perspective, these holding addresses purchased 12.2% of the tokens after January 20. Among the large holder addresses that continue to hold, approximately 1.38 million tokens have been added to the developer addresses, but most of these tokens were transferred back from other smaller addresses rather than purchased for accumulation. In terms of the addresses that have liquidated, according to PANews observations, many top large holders began buying around January 18 and chose to liquidate by February 1 or earlier, most of whom made significant profits.
Overall, the earliest profitable TRUMP large holders have basically exited the market. Many new addresses in the market appear to have retained large holders who were trapped after repeatedly bottom-fishing at high prices after January 20. However, from trading behavior, many large holders still seem to hold optimistic views on the future of TRUMP tokens and continue to accumulate.
Some Profited $25 Million Exiting, Others Lost $33.66 Million
Among the large holders who have liquidated, the one with the largest profit amount is likely the address 2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv (hereinafter referred to as “2Fe47”). This address received 25 million TRUMP tokens from the founding address before TRUMP went live, and immediately sold them on the market after the launch. Later, it received another 27 million tokens from the founding address 5e2qR and sold them again, totaling over $112 million in funds, ultimately pooling the remaining tokens back to the founding address 5e2qR. Data from January 20 shows that this address held over 1 million tokens, which are now all cleared. From the operational path, this address appears to be a small address associated with the TRUMP token project.
Another large holder, 3AWDTDGZiW8joyfA52LKL7GUWLoKBCBUBLUE5JoWgBCu, began buying aggressively right after TRUMP went live on January 18, spending $78.55 million in total and selling for $103 million, making a profit of $25.17 million. However, the last entry was between January 25 and January 27, when the user believed TRUMP had dropped to a low point, investing $12.78 million to build a position. By February 2, possibly seeing the endless decline, they liquidated everything for $9.23 million. Overall, this address achieved considerable gains from the TRUMP token.
Another large holder began purchasing TRUMP tokens from various exchanges around January 20, spending a total of $45.73 million to buy 1.11 million tokens at an average cost of approximately $41. After selling 300,000 tokens at $17.6 on February 7, they currently still hold 810,000 tokens, with an unrealized loss of approximately $33.66 million, representing a loss rate of 73%. They are the address with the highest single loss among new large holders. Coincidentally, the address 6qgBGeZgPyxdobeHhcNtAqVe927zodpiuoufhwGN8BhP has a user with a similar operational strategy, also starting to accumulate tokens from January 20 through several associated addresses, spending approximately $16.67 million, and currently still holding $6 million worth of tokens, with losses exceeding $10 million.
The drastic fluctuations of the TRUMP token resemble a “reality show” in the crypto market, showcasing both the myth of sudden wealth in the MEME coin speculation wave and revealing the harsh realities of high-leverage gambling. From the precise exit of early large holders to the subsequent pitfalls of later buyers, the winners and losers in this game have been clearly divided by the market. Although Trump’s “dinner positive” temporarily injected rebound momentum into the token, the highly concentrated holdings and the shadow of suspected manipulation by the project party continue to loom. Currently, the TRUMP token appears to be experiencing a respite after the negative factors have run their course, but its fate remains firmly tethered to the resonance of celebrity effects and market sentiment. For retail investors, this roller-coaster-like market undoubtedly serves as a risk education lesson: in the battlefield of MEME coins lacking fundamental support, even “top-tier traffic” endorsements may merely be a glamorous guise for capital harvesting.
This article is a cooperative reprint from: PANews