58 $TRUMP Wallets in Profit as 762K Others Record Loss
- So far, only 58 wallets have made profits, while another 762,000 wallets are currently at a loss.
- The rise in the tokens price was fueled by the hype around a gala for top holders, but after the excitement faded, the token lost its value.
Out of thousands of wallets holding the $TRUMP token, only 58 wallets have been reported to be making money. Lately, the $TRUMP token has moved crazily due to the excitement around the Presidents special gala for the top 220 token holders.
After Trump teased about the event, the demand for it jumped more than 50%, causing the tokens value to rise by $2.7 billion. Its been weeks after the announcement, the buzz has faded, and the tokens price and value have also dropped.
TRUMP Surge and Drop in the Last Month
Recently, CNBC shared some details from Chainalysis that show that almost 762,000 wallets holding the $TRUMP memecoin are running at a loss. These accounts, according to the report, are smallholders that jumped in late and missed the early price boost.
While the majority of investors saw their investments shrink, 58 others brag of big wins. The report shared that 58 wallets made more than $10 million each, making the combined profit of about $1.1 billion. These large gains were possible because they got in early and exited near the top. Since this move happened, another 54,000 wallets joined the trend, bringing total new buyers since April to around 100,000.
Despite the hype and rapid growth, the numbers show a huge gap between the few who won big and the many who didnt.
In a recent interview, the president was asked about his profits from the token launch. At first, he claimed that he wasnt receiving anything, and he added that he hadnt even checked, but if the token is doing well, then hes making profits.
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Read more: https://www.tronweekly.com/58-trump-wallets-in-profit-as-762k-others-record-loss/
Text source: TronWeekly
