Nansen’s on-chain research found that some investors made nearly 19,000% gains from TRUMP memecoin trades. The data also shows 33 addresses that lost around $10 million after exiting their positions prematurely.
On Monday, the TRUMP memecoin soared to over $10 in market value. Nansen lists several whales, including Santiago R. Santos and funds such as Master Ventures and Swissborg, as the largest holders of the TRUMP memecoin.
Data Shows TRUMP Coin Investor Profitability
As TRUMP’s trading FOMO continues to cool, on-chain data from the past four days revealed that TRUMP trac a total of 929,543 new on-chain traders. The growth curve for trac new traders also showed power law distribution, which reached a peak of 42,208/hour on January 18 and fell to 1,383/hour today.
Chinese analyst Ning Ning revealed an additional distribution map of TRUMP’s profits and losses that followed the normal distribution. The card has the distribution of profits as follows: 28 addresses won $10 million, 424 addresses won between $1 million and $10 million, 16,791 addresses won between $10,000 and $1 million and 50,636 addresses won between $1,000 and $10,000.
The distribution of losses was as follows: 486,421 addresses lost around $1,000, 65,763 addresses lost between $1,000 and $10,000, 16,571 addresses lost between $10,000 and $1,000, 367 addresses lost between 1,000 $000 and $10,000 and 33 addresses lost $10,000,000. .
The data revealed that many of the largest for-profit investors had already sold their holdings and made gains. The data also showed that some investors continue to hold large positions with unrealized gains of up to 19,000%.
For example, an investor who held more than $52 million in TRUMP sold his entire position in one go, with a 91% return on investment.
The data also showed that 33% of the 15 largest holders by position size had completely liquidated their positions by midday as of Monday. The rest of the holders sold their positions but retained a smaller exposure, although one large holder with a $32 million position had yet to sell.
Other investors who made returns above 10,000% varied in position size, with one holding $1,400 and the largest holding up to $2.4 million. Another holder with the highest gain, at nearly 19,000%, held a position worth $270,000 and still held 54% as of Monday.
The data also recorded significant losers, including one investor who exited his position after a 36% decline, for a loss of more than $3.5 million. Another investor also sold his position after a 41% drop, for a loss of almost $2 million.
MELANIA coin sucks liquidity from TRUMP coin
President Trump launched TRUMP Friday night, and it rose from less than $10 Saturday morning to around $74 before giving up some of its gains Monday. At press time, TRUMP is trading at $43.43.
-Melania also launched the memecoin MELANIA on Sunday evening, which caused a sudden 50% drop in the value of the TRUMP coin. Kobeissi’s letter revealed that the launch of Melania’s token had erased $5 billion from TRUMP’s market capitalization.
“This success highlights memecoins’ unique ability to transform cultural moments into tradable assets, providing customers with the opportunity to engage and capitalize on these trends.”
-Mark Greenberg, Kraken Global Head of Consumer Business.
The pieces TRUMP and MELANIA were created on the blockchain Solana of Solana climbing over the weekend to reach an all-time high of $294 on Sunday.
Conor Grogan, a former Coinbase executive, said that without selling a single token, the Trump Organization had harvest approximately $58 million in trading fees in a single day. Grogan also revealed that the organization’s position brings in approximately $15 million per day on current APRs.
Gabor Gurbacs, founder of digital asset company Pointsville, declared that Trump needed to fire his crypto advisors from top to bottom. He revealed that memecoins were costing the United States, the presidency and his family a lot of credibility, and the consequences hadn’t even begun.
Coinbase saw coins that trade on hype as a go-to vehicle for scams known as carpet prints but acknowledged that not all memecoins are scams. TRUMP and MELANIA pieces have guards to prevent carpet pulling. The Trump coin website revealed that its major holders were subject to a three-year unlock schedule, so they could not sell all the coins instantly.
dent carpet pulling pet performed with “Hawk Tuah” influencer Hailey Welch, who was sued over her own play. The influencer’s coin reached a market cap of $500 million before falling 90%. Welch revealed last month that it was taking the situation seriously and was working to help affected investors.
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