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 a 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 stir in public opinion but also triggered a frenzy in the market for this token. In just two days, the market capitalization of the TRUMP token peaked at over $82 billion (FDV), with a price increase of approximately 450 times from the issuance price of $0.1824 to a high of $82. Many quick players made a fortune, while more people could only watch and sigh at the high prices.

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 these large holders' total holding amount approximately $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 who are generous with their investments, 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 distribution of large holders' purchase costs, 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. Approximately 38.8% of the initial purchase costs were below $15. Additionally, the most common initial purchase addresses were between $45 and $65, accounting for about 28%.

Overall, the first purchase of these large holders accounted for 44% of their 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 either, with an average cost of about $46, and the majority of them made their purchases on the 19th. This group of large holders may represent the investment logic of the main players, as they still took a day to analyze and make decisions even when facing a token issued by the U.S. president, entering at a price that many considered not low.

In terms of selling prices, the most common initial selling price range was between $65 and $70, with 17.8% of addresses selling for the first time in this price range. The next most common selling range was between $40 and $50. Overall, these top addresses spent a total of approximately $428 million on their initial purchases, with a total selling amount of 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 these large holder addresses having an average holding cost of $23.45 and an initial total purchase amount of about $67 million.

From a timing perspective, 56% of addresses made their purchases on the first day, with most addresses buying right 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. Based on 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 is an address of an insider from Jupiter. From the trading behavior, it is hard to believe that this user, even after learning about Trump's token issuance, could make a decision and place a $1.09 million bet within a minute is merely coincidence or a matter of operational capability.

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 were also not small. It can be said that while TRUMP appears to be a once-in-a-lifetime opportunity, the actual chance of making a significant profit with a small investment is not high. Compared to previous tokens that saw price increases of tens 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 its peak market capitalization of $82 billion, which created an exaggerated effect. On the other hand, some early investors publicly shared their gains, 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 openly, making it seem that the competition was more about speed and capital.

With several members of the Trump family participating 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 dramatic fluctuation proves that even a MEME coin issued by a president cannot avoid high volatility. From the perspective of chips, the TRUMP coin has become a market for large holders to compete, rather than the next gold mine that changes destinies.