Donald Trump’s Memecoin TRUMP-Related Data Shocked: Only 58 People Gained Profit! 762 Thousand People Lost!

US President Donald Trump’s token, TRUMP, has been at the center of controversy since its launch in January. The TRUMP price has been on a roller coaster ride with sharp price fluctuations lately, influenced by the news of Trump organizing a special dinner for the top 220 token holders. Although interest in the TRUMP token increased by over 50% following news of Trump’s big dinner event, Chainalysis data revealed that approximately 762,000 wallets that purchased TRUMP suffered losses. Blockchain analytics firm Chainalysis reported that only 58 wallets profited from TRUMP. Accordingly, it was stated that these 58 wallets were large investors, referred to as whales, and that each of them made more than $ 10 million and a total profit of $ 1.1 billion. On the other hand, the number of wallets that suffered losses in TRUMP reached 762 thousand, and it was stated that the majority of them were small investors. Chainalysis recently added that since January, more than $324 million in transaction fees have been routed to wallets affiliated with the project’s creators. News of the dinner is triggering big moves in TRUMP, where a newly created wallet has withdrawn 1 million TRUMP (worth $10.78 million) from Binance, while MemeCoreORG has withdrawn 1.39 million TRUMP (worth $17.8 million) for the dinner event and is now facing a $2.8 million loss. As excitement around the TRUMP token continues, TRUMP and Trump’s cryptocurrency project, World Liberty Financial, are under pressure from regulators and ethics watchdogs over potential conflicts of interest. At this point, it is officially being investigated whether TRUMP and World Liberty Financial, which sends 75% of its income to the Trump family, pose a direct conflict of interest for the president. TRUMP continues to trade at $10.9 at the time of writing. *This is not investment advice. Continue Reading: Donald Trump’s Memecoin TRUMP-Related Data Shocked: Only 58 People Gained Profit! 762 Thousand People Lost!

Source: BitcoinSistemi