After Trump's Teases, Only 58 Wallets Holding the $TRUMP Token Made Money

Out of thousands of wallets holding the $TRUMP token, only 58 wallets have been reported to be making money.

Out of thousands of wallets holding the $TRUMP token, only 58 wallets have been reported to be making money. Especially, new data shows that despite the hype and rapid growth of the Trump token, there’s a huge gap between the few who made big gains and the many who didn’t.Lately, the $TRUMP token has moved ‘crazily’ due to the excitement around the President’s special gala for the top 220 token holders. After Trump teased about the event, the demand for it jumped more than 50%, causing the token’s value to rise by $2.7 billion. It’s been weeks after the announcement, the buzz has faded, and the token’s price and value have also dropped. Especially, Chainalysis shared some details showing that 761,937 wallets are now in the red. 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 sustained an average loss greater than $10 million, 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 didn’t.In a recent interview, the president was asked about his profits from the token launch. At first, he claimed that he wasn’t receiving anything, and he added that he hadn’t even checked, but if the token is doing well, then he’s making profits.

News data source: kdj.com

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