Profits for Early Investors
Data from Nansen and Chainalysis reveals that several early investors reaped extraordinary rewards. Just before the coin’s official launch, an anonymous account made a bold move, purchasing $1.1 million worth of $TRUMP tokens. This account later managed to sell its holdings for an impressive $50 million, culminating in total gains of approximately $109 million over time.
Another savvy trader who jumped in merely two minutes after the launch walked away with nearly $3 million. Overall, more than 30 early adopters collectively earned a staggering $670 million in profits within just a few days.
In stark contrast, a substantial group of investors did not share in this fortune. Records indicate that over 813,000 wallets—most likely belonging to retail traders and Trump supporters—either sold their tokens at a loss or are still holding onto them as their values dwindle. These investors are collectively facing around $2 billion in unrealized losses.
Done with this $Trump crap.
Sold it all, what a joke!
— Shawn Whitson (@ShawnWhitson) January 31, 2025
It’s gonna go to $5
— Professor Oak 🍎 🌳 (@My_name_is_L69) February 1, 2025
Trump’s Alleged $100 Million Windfall
According to a report by The New York Times, the Trump family and their business partners may have pocketed nearly $100 million in trading fees, with most of that amount still uncashed. The coin’s launch just three days prior to Trump’s inauguration has raised suspicions, especially regarding his potential sway over cryptocurrency regulation.
Critics view this sequence of events as a blatant conflict of interest, while supporters defend it as simply another business endeavor tied to Trump’s brand.
The Trump organization has yet to address allegations of insider trading, but political and financial analysts are taking a closer look at the situation. High-profile figures like SkyBridge founder Anthony Scaramucci and crypto investigator Stephen Findeisen, commonly known as Coffeezilla, have already dismissed the project as a classic “pump-and-dump” scam.
Supporters Left with Nothing
Many of Trump’s supporters found themselves among those who suffered the most from the decline of the $TRUMP token. Take, for instance, Shawn Whitson, a small business owner from North Carolina. On Inauguration Day, he expressed excitement about both Trump’s ascent to the White House and his investment in the token. However, just a few weeks later, Whitson had a change of heart, stating, “Done with this $TRUMP crap,” and labeling the entire project a joke.
While the Trump family continues to navigate the backlash, they remain indifferent to the criticism. They have recently unveiled TruthFi, a financial platform advocating itself as a “non-woke” alternative for investors. Whether the MAGA community will support this new initiative is uncertain, but for the time being, thousands of investors are grappling with the aftereffects of the Trump meme coin’s downfall.
Image credit: Reuters, chart from TradingView
