Data Review: Changes in TRUMP Large Holder Positions Over the Past Three Months
As the pinnacle of celebrity coins, the launch of the TRUMP token has triggered extreme FOMO sentiment in the market, attracting many large holders to enter. However, with the overall cooling of the MEME market and the subsequent exposure of insider teams, the price of TRUMP has plunged from a peak of $75 to a low of $7.2, a decline of over 90%.
On April 18, the TRUMP token experienced a 4% unlock, with the market estimating that this would exacerbate panic surrounding the token, triggering further declines. On the other hand, news emerged on April 20 that Trump plans to host a dinner for TRUMP token holders. Amidst this combination of positive and negative news, the TRUMP token seems to have started to stabilize and rebound.
Previously, PANews conducted an in-depth analysis of the holding positions of the TRUMP token, and three months have passed. How are the current large holders faring? What new changes have occurred in the distribution of TRUMP tokens?
Large Holders Unable to Withstand Plummeting Prices, 86.9% Have Liquidated
In comparison to the overall data, the turnover of large holders of TRUMP has been quite frequent over the past three months. Compared to data from January 20, 86.9% of the top 1,000 holders opted to liquidate their tokens, totaling 48 million tokens, accounting for 24% of the total circulation.
As of April 21, data shows that the top 1,000 addresses hold approximately 98.51% of the TRUMP tokens, up 3.68% from 95.83% on January 20. This data indicates that the turnover of TRUMP tokens is significant, and during the low phase, it appears that the tokens have become more concentrated.
Over the past three months, Robinhood has emerged as a prominent new large holder address among exchanges, increasing its token holdings by 1.44%. Additionally, exchanges such as Crypto.com and Meteora, which primarily focus on the U.S. market, have shown a significant increase in token holdings. Among individual large holders, many began accumulating tokens at the price peak of TRUMP in late January, and despite being trapped, they continue to increase their positions, but overall, they are experiencing severe losses. From the perspective of token holdings, these addresses have purchased 12.2% of the tokens after January 20.
Among the addresses that have maintained their holdings, the development addresses have increased their holdings by approximately 1.38 million tokens; however, these tokens are mainly transferred back from other small addresses and not acquired through purchases.
Among the addresses that have liquidated, PANews has observed that many leading large holders began buying in around January 18, and chose to liquidate before or on February 1, with most realizing significant profits.
Overall, it appears that the earliest profit-making large holders of TRUMP have basically exited the market. Many of the new addresses in the market are those large holders who have been trapped after repeatedly bottom-fishing at price peaks after January 20. However, from trading behavior, it seems that many large holders remain optimistic about TRUMP and continue to accumulate.
Some Made $25 Million Exiting, Others Lost $33.66 Million
Among the large holders who liquidated and broke even, the address 2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv (hereinafter referred to as “2Fe47”) likely recorded the largest profit. This address received 25 million TRUMP tokens from the founding address before the TRUMP token was listed for trading, immediately distributing them into the market for sale. Later, it received an additional 27 million tokens from the founding address 5e2qR, selling them again, accumulating a total of over $112 million in funds, and finally consolidating the remaining tokens back to the founding address 5e2qR.
Data from January 20 shows that this address held over 1 million tokens, which have now been fully liquidated. Based on the operational path, this address appears to be a small address related to the TRUMP token project.
Another large holder, 3AWDTDGZiW8joyfA52LKL7GUWLoKBCBUBLUE5JoWgBCu, began accumulating TRUMP tokens on January 18, shortly after its launch, spending a total of $78.55 million to buy in, and eventually selling for $103 million, earning a profit of $25.17 million.
However, the last time this address entered the market was between January 25 and January 27, when the user believed that the TRUMP token had hit a low and invested $12.78 million to build a position. By February 2, possibly realizing the drops were unending, they liquidated all for $9.23 million.
Overall, this address still achieved considerable gains from the TRUMP token.
There is also another large holder who 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 about $41. After selling 300,000 tokens for $17.6 each on February 7, they currently hold 810,000 tokens, incurring an unrealized loss of approximately $33.66 million, representing a loss rate of 73%. This address has the highest individual loss amount among the new large holders.
Coincidentally, the user of address 6qgBGeZgPyxdobeHhcNtAqVe927zodpiuoufhwGN8BhP has a similar operation, having begun accumulating tokens through several related addresses starting January 20, spending a total of $16.67 million, and currently still holding tokens worth $6 million, with losses exceeding $10 million.
The dramatic fluctuations of the TRUMP token resemble a “reality show” in the cryptocurrency market, showcasing both the myths of wealth created during the speculative wave of MEME coins and revealing the cruel realities of high-leverage gambling. From the precise cash-outs of the early large holders to the subsequent deep entrapment of new buyers, the market has clearly delineated the winners and losers in this game.
Although Trump’s “dinner benefit” has temporarily injected rebound momentum into the token, the shadow of highly concentrated holdings and suspected manipulation by the project team lingers. Currently, the TRUMP token seems to be experiencing a brief respite after negative news has exhausted, but its fate remains firmly shackled to the resonance of celebrity effects and market sentiment.
For retail investors, this roller-coaster-like market undoubtedly serves as a lesson in risk education: in the battlefield of MEME coins lacking fundamental support, even the endorsement of “top-tier traffic” may merely be a glamorous facade for capital harvesting.
This article is collaboratively reproduced from: PANews