58 Wallets Cashed In on Trump’s Coin While Others Were Left Holding the Bag
The $TRUMP meme token, created by Donald Trump, promised a mix of thrill, controversy, and a chance for quick profits. While it certainly generated excitement and debate, the financial outcomes have been somewhat uneven. The $TRUMP Token experienced a swift rise followed by an equally rapid decline, leaving a significant number of retail investors at a wrecked. Blockchain analytics reveal that only 58 wallets have reaped substantial profits from this crypto token, each making millions. On the other hand, over 764,000 wallets are operating at a wrecked.
What Led to This Situation?
The saga began with considerable buzz. Trump introduced the $TRUMP token in January 2025, just before returning to the Oval Office. The token quickly caught fire on platforms like crypto Twitter and Truth Social, attracting supporters, speculators, and curious followers, which escalated its price and sent its crypto market cap soaring to over $14 billion at its peak.
However, as is often the case with meme coins, those who got in early benefited highly, while latecomers did not fare as well.
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The Profiteers Acted Swiftly
The 58 wallets that secured millions weren’t merely fortunate; they acted promptly, acquiring large quantities of $TRUMP at its inception, well ahead of the real speculative surge. Once values skyrocketed, they sold off their holdings and made significant gains. This follows the standard memecoin playbook: buy early, sell before the decline begins.
BREAKING: 58 individuals have profited over $10 million each from Trump’s meme token, amassing a total of $1.1 billion.
Meanwhile, 764,000 people/wallets, primarily small investors, are facing losses.
It’s reminiscent of the Trump economy. Billionaires get richer, while the average American… pic.twitter.com/I9bPGNTtXf
— Brian Krassenstein (@krassenstein) May 6, 2025
Conversely, the vast majority of holders—over three-quarters of a million wallets—purchased during the price hike, likely anticipating further increases. Instead, they found themselves witnessing a downward trend and now many are left with tokens that have depreciated significantly in value.
Isn’t This a Bit Shady?
Many believe this scenario raises red flags. For starters, 80% of all $TRUMP tokens were not even made available to the public. They are retained by two companies tied to Trump, CIC Digital LLC and Fight Fight Fight LLC. Such concentrated control raises concerns in a space that is generally advocated for decentralization.
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Additionally, Trump’s position as a sitting U.S. president raises ethical concerns regarding potential conflicts of interest, particularly if foreign investors are involved with the token. Some commentators have gone as far as labeling it an emoluments clause violation.
$TRUMP Token: What Must Investors Understand?
For those entering the crypto space, this serves as a stark reminder. Meme coins can be volatile and filled with hype, but they also carry significant risks. The price swings can be extreme, with winners often being those who are first to invest or those with closer ties to insiders.
While $TRUMP may have made waves, it also resulted in hundreds of thousands of smaller investors enduring major losses. This phenomenon isn’t unique to this coin, but the magnitude is quite daunting.
What’s Next?
The $TRUMP coin transcended being just another meme coin—it was a spectacle with real financial implications. A handful succeeded spectacularly; most did not. This entire episode serves as a reminder that in the world of crypto, particularly in the realm of meme coins, the division between luck and misfortune is often precarious.
If you choose to partake in this venture, be aware of the dynamics and understand who holds the significant power.
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Main Points
- Only 58 wallets profited significantly from Trump’s $TRUMP coin, while more than 764,000 wallets suffered losses.
- Early adopters rapidly purchased large amounts of the coin at launch and cashed out before the decline occurred.
- Over 80% of $TRUMP tokens are controlled by two firms related to Trump, sparking fears over transparency and centralization.
- Ethical and legal concerns are surfacing as Trump, as president, is linked to a crypto token potentially owned by foreign entities.
- The $TRUMP narrative illustrates how meme coins can drive tremendous excitement and profits for a few, but leave the majority of investors in loss.
The post 58 Wallets Cashed Out on Trump’s Coin While Everyone Else Held the Bag appeared first on 99Bitcoins.
