The truth about the wealth of TRUMP tokens: big players compete in the arena, with an average purchase of 590,000 dollars per person, and 1 million dollars purchased within 1 minute of the token launch

Author: Frank, PANews

On January 18, U.S. President Trump issued his personal MEME token TRUMP (OFFICIAL TRUMP) before taking office, creating the first personal cryptocurrency issued by a U.S. president in history. After the issuance of the TRUMP token, it not only caused a huge stir in public opinion but also triggered a frenzied market for this token. In just two days, the market capitalization of the TRUMP token exceeded $82 billion (FDV), with a price increase from the issuance price of $0.1824 to a peak of $82, an increase of about 450 times. Many quick players made a fortune, while more people watched the high prices with sighs.

PANews conducted an analysis of the first purchase time, purchase price, and reduction time of the top 1,000 holders of the TRUMP token to interpret the capital game behind this presidential token from the data.

Average Purchase of $590,000 by Large Holders

As of the afternoon of January 20, the number of on-chain holding addresses for the TRUMP token had exceeded 853,000. Including the number of holders on centralized exchanges, the total number of holders should be no less than 1 million. The top 1,000 addresses held a total of 78.12 million tokens, accounting for about 39% of the total circulation (excluding major exchange addresses), with a total holding amount of about $4.68 billion. In terms of holding costs, these large holders initially spent about $428 million to purchase approximately 15.91 million tokens, with an average cost of about $26.9. As of the afternoon of January 20, these holding large holders had achieved an average increase of about 123%.

On the surface, these investors realized significant profits, once again writing a wealth myth in the MEME track. However, from the average initial purchase amount of the addresses, it is clear that the top 1,000 addresses are indeed large holders with generous spending, with an average initial purchase amount of about $591,000. This amount is significantly different from other MEME tokens.

Nearly 40% of Large Holders Have a Cost Price Below $15

From the overall purchase cost distribution of large holders, the most common purchase price range is around $3.1, within half an hour after the token's issuance. The next most common range is between $5 and $10. The proportion of initial purchase costs below $15 accounts for about 38.8% of the total analysis sample. Additionally, the initial purchase addresses between $45 and $65 account for about 28%.

Overall, the first purchase of tokens by these large holders constitutes 44% of the total holdings, with 7.7% of large holders choosing to make a single purchase.

Moreover, nearly 10% of large holders invested over $1 million in a single purchase at the first opportunity. This is quite different from traditional MEME coins. However, the initial purchase cost of these super large holders is not low, with an average cost of about $46, and the distribution time is mostly on the 19th. This group of large holders may represent the investment logic of the main players, as even when faced with a token issued by the U.S. president, they still took a day to make decision analyses and entered the market at a price that many considered not low.

In terms of selling prices, the most common initial selling price range is between $65 and $70, with 17.8% of addresses selling for the first time in this price range. The next most common selling range is between $40 and $50. Overall, the total amount spent by these top addresses for their initial purchases is about $428 million, while the total amount from their initial sales is about $1.06 billion, resulting in an overall initial selling profit of 2.47 times.

Additionally, about 28% of addresses did not sell after buying, with an average holding cost of $23.45 and a total initial purchase amount of about $67 million.

From a time perspective, 56% of addresses made purchases on the first day, with most addresses buying immediately after the token was issued.

Regarding selling times, most large holders made their first sale on the 19th. From the big data on holding times, these large holders had an average holding time of about 7.5 hours.

The Strongest Address Invested a Million After 1 Minute of Issuance

Among them, the strongest main player is the address 6QSc2CxSdkUQSXttkceR9yMuxMf36L75fS8624wJ9tXv, which spent $1.09 million to buy 5.97 million tokens at 10:01 AM on January 18, with a purchase price of about $0.1835, which is almost the same as the opening price. Subsequently, this address distributed the tokens to multiple addresses for selling. Calculated at the highest price of $82, the maximum value of this address's tokens could reach $477 million. According to incomplete statistics, the associated addresses of this address have sold over $20 million worth of tokens. Discussions on social media suggest that this address previously targeted tokens like GRIFT, CHILLGUY, and MOODENG, and many netizens believe it to be an address of an insider from Jupiter. From the trading behavior, even if this user learned about Trump's token issuance at the first moment, being able to make a decision and bet $1.09 million within one minute is hard to believe as mere coincidence or a matter of skill.

Additionally, the TRUMP token was created around 10 AM on the 17th and only started trading a day later. It is unclear whether some individuals with prior knowledge had prepared for purchases in advance.

A Game of Competing Financial Strength and Speed

Overall, compared to the development history of other MEME coins, TRUMP's real advantage is not its astonishing price increase. In the data of large holders, we rarely see cases of small investments achieving exaggerated returns. From the amounts invested by KOLs who shared their significant gains on social media, their investment amounts are also not small. It can be said that on the TRUMP token, what seems like a once-in-a-lifetime opportunity is, in reality, not a significant chance for small investors. Compared to previous tokens that had price increases of thousands of times, TRUMP's 450 times increase is not particularly high.

The reason TRUMP triggered a nationwide FOMO sentiment is partly due to the token's peak market capitalization of $82 billion, which created an exaggerated effect of price increase. On the other hand, some early investors publicly shared their gains, further intensifying this FOMO sentiment. After all, compared to the previous need for analysis and various insider information to barely hit a golden opportunity, TRUMP was issued transparently, making it seem that the competition was more about speed and capital.

As multiple members of the Trump family participated in the issuance of MEME coins and the early profit-taking, on January 20, the TRUMP token briefly dropped to $30, with a correction of over 60%. This extreme volatility proves that even a MEME coin issued by a president cannot avoid high volatility characteristics. From the perspective of chips, the TRUMP token has become a market for large holders to compete, rather than the next gold mine that changes destinies.