$TRUMP Wealth Truth: Big players compete in the arena, and someone buys in $1.09 million within 1 minute after the launch coin.

Author: Frank, PANews

On January 18, before taking office, President Trump issued his personal meme coin $TRUMP (OFFICIAL TRUMP), creating the first personal cryptocurrency ever issued by a U.S. president. After the issuance of TRUMP tokens, it not only caused a huge sensation in public opinion but also triggered a crazy market trend for this token. In just 2 days, the market value of TRUMP tokens soared to over $82 billion (FDV), with an increase of about 450 times from the issuance price of $0.1824 to a peak of $82. Many quick players made a lot of profit, while more people were amazed by the high and unattainable price.

PANews analyzed the first purchase time, purchase price, and reduction time of the top 1000 holders of TRUMP tokens for the first time, and interpreted the fund game behind this presidential token from the data.

The average large investor buys $590,000.

As of January 20th, the number of TRUMP token holding addresses on the chain has exceeded 853,000, plus the number of coin holders on centralized exchanges, the total number of coin holders should be no less than 1 million. The top 1,000 addresses hold a total of 78.12 million coins, accounting for about 39% of the total circulation (excluding major exchange addresses), with a total coin holding value of approximately $4.68 billion. In terms of the cost of holding coins, the total amount spent by these top holders when they first purchased the coins is about $428 million, with an initial purchase of about 15.91 million tokens, and an average cost of about $26.9. As of January 20th, the average increase realized by these major holders is about 123%.

On the surface, these gold owners have achieved greater profits and once again created the myth of getting rich in the MEME track. However, judging from the average amount of first-time purchases at addresses, these top 1000 addresses are indeed generous big players, with an average initial purchase amount of about 591,000 US dollars. This amount differs greatly from other MEMEs.

Nearly 40% of large holders have a cost price lower than $15.

From the distribution of the overall purchase cost of large holders, the most common purchase price range is around $3.1, within half an hour after token issuance. The next most common range is $5 to $10. The proportion of initial purchase costs below $15 is approximately 38.8% of the total sample analyzed. In addition, the most common initial purchase addresses are between $45 and $65, accounting for approximately 28%.

Overall, these large holders' initial token purchases accounted for 44% of the overall position, with 7.7% of the large holders choosing to make a single purchase.

In addition, nearly 10% of the major holders invested more than $1 million at once when they bought in. This is very different from traditional MEME coins. However, the initial purchase cost for these super holders is not low, with an average cost of about $46, and the distribution time is mostly on the 19th. This group of major holders may represent the investment logic of the main players. Even when facing tokens issued by the U.S. president, they still take one day to make decision analysis and enter at a price that most people consider not low.

In terms of the selling price, the most frequent selling price range for the first sale is between $65 and $70, with 17.8% of addresses shipping for the first time in this price range. The next most frequent selling price range is between $40 and $50. Overall, the total amount spent by these top addresses on the first purchase is approximately $428 million, and the total amount for the first sale is approximately $1.06 billion. The overall profit from the first sale is 2.47 times the return.

In addition, about 28% of the addresses did not sell after buying. The average holding cost of these large account addresses is $23.45, and the initial total purchase amount is approximately $67 million.

In terms of time, 56% of the addresses bought on the first day, and most of the addresses bought the token just after it was issued.

And in terms of selling time, most of the large holders sell their first batch on the 19th. From the big data of holding time, the average holding time of these large holders is about 7.5 hours.

The strongest address is issued and invested in millions after 1 minute

The strongest main force is the address 6QSc2CxSdkUQSXttkceR9yMuxMf36L75fS8624wJ9tXv, which spent $1.09 million to buy 5.97 million tokens at a price of around $0.1835 on January 18 at 10:01. This price is almost the same as the market price. Subsequently, the tokens were distributed to multiple addresses for shipment. Based on the highest price of $82, the tokens at this address could be worth up to $477 million. According to incomplete statistics, related addresses of this address have sold tokens worth over $20 million. According to discussions on social media, this address has previously targeted tokens such as GRIFT, CHILLGUY, MOODENG, etc., and many netizens believe it is an address of an insider of Jupiter. From the trading behavior, even if the user knew about Trump issuing tokens in the first place, the act of making a decision and betting $1.09 million in one minute is hard to believe as a coincidence or operational ability.

In addition, the creation time of the TRUMP token was around 10 o'clock on the 17th, and trading did not begin until a day later. I wonder if some insiders were informed in advance and prepared for buying?

Game that competes in capital strength and hand speed

Overall, compared to the development history of other meme coins, TRUMP's real advantage is not its astonishing rise. In the big data of whales, we rarely see cases where small funds achieve exaggerated returns. Judging from the amount of investment made by KOLs who have shown significant profits on social media, their investment capital is not small either. It can be said that TRUMP, although seemingly a rare opportunity, does not have a high chance of achieving 10U War God status. Compared to the previous tokens that saw increases of tens of thousands of times, TRUMP's 450-fold increase is not considered high.

The reason why TRUMP triggered a nationwide FOMO emotion is twofold. On one hand, the token's sky-high market value of up to $82 billion has created an exaggerated effect on the outside world. On the other hand, some early KOLs who bought in openly flaunted their gains, making this FOMO emotion even stronger. After all, compared to the previous need for analysis and various insider information to barely hit a golden dog, TRUMP can be said to be a clear market launch, and at this time, it seems that the competition is more focused on speed and capital.

With the participation of multiple members of the Trump family in the issuance of MEME coins and the escape of early profit-taking, TRUMP tokens once fell to $30 on January 20th, with a rebound of over 60%. This drastic fluctuation proves that even MEME coins issued by the president cannot avoid high volatility. From the perspective of chips, TRUMP tokens have become a market for big players to compete, rather than the next game-changer.

(The above content is excerpted and reproduced with authorization from partner PANews, original article link )

Disclaimer: The article represents the author's personal views and opinions, not the views and positions of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Block will not be held responsible for any direct or indirect losses incurred by investors in their transactions.

The truth about the wealth of $TRUMP: Big players compete in the arena, and someone buys $1,090,000 worth of coins in just 1 minute. This article was first published on "Block Client".