Experts at Chainalysis said that most of the wallets that suffered losses held only small amounts of tokens. Of the approximately 2 million wallets that purchased TRUMP tokens, 58 of them made more than $10 million in profits each. This brings the total profits earned by these wallets to approximately $1.1 billion.
TRUMP token price has fluctuated wildly over the past month (Screenshot).
In the second half of April, TRUMP continued to increase in price from $7.5 to more than $16. This growth came after President Trump announced that the 220 people holding the largest number of these tokens would have a private dinner with him.
"Dinner invitation with President Trump. Only for the top 220 TRUMP meme token holders. President Donald Trump is known as the 'Crypto President!'. At this intimate dinner, listen to President Trump talk about the future of cryptocurrency," the announcement was made on the official website of the TRUMP project.
The Chainalysis report also found that interest in TRUMP increased by more than 50% after the project made the announcement. Since that price surge, about 54,000 wallets have purchased the cryptocurrency.
However, after a period of hot growth, this digital currency has continuously decreased in price. As of the night of May 7, TRUMP was trading around $10.7, down 33% compared to last week.
Investing in meme coins carries many risks (Screenshot).
The sudden growth and sharp decline in the price of TRUMP shows the instability and high risk of investing in cryptocurrencies, especially meme coins.
TRUMP coin was first introduced by President Trump on January 18 on two social media platforms X and Truth Social. This meme coin reached its highest trading price of more than $77 on January 19. However, the price of TRUMP token has continuously decreased sharply after the "hot" growth, down to the lowest level of only $7.3.
Like most meme coins, the TRUMP token does not currently provide any products or services. On its official website, the project claims that only 20% of the total token supply is in circulation. The remaining 80% of the supply is held by the Trump Organization and its affiliates.
Source: https://dantri.com.vn/cong-nghe/rui-ro-khi-mua-tien-so-lien-quan-tong-thong-trump-20250507231139392.htm
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