TRUMP Token, a Meme token inspired by the former US president, has generated significant transaction fees and attracted great attention in the cryptocurrency market.
The TRUMP Token was listed on multiple exchanges just days after its launch, far exceeding the medium review time. However, most of the supply is concentrated by family and related partners, leading to massive losses in many wallets while a few made enormous profits.
- TRUMP Token transaction fees reached 172 million USD across 10 exchanges.
- Token was listed quickly, taking only a medium of 4 days, compared to 129 days for similar Tokens.
- 80% of TRUMP supply is concentrated in family and partner hands, 45 wallets profited 1.2 billion USD, while 712,000 wallets lost over 4.3 billion USD.
What is TRUMP Token and what notable achievements has it reached?
Data and analysis from Reuters and TinTucBitcoin show TRUMP Token is a Meme token that attracted attention due to large transaction fees and rapid listing speed.
TRUMP Token generated total transaction fees up to 172 million USD across 10 exchanges, a notable figure in the fiercely competitive cryptocurrency landscape. Its quick listing helped the Token reach investors from the start, with Coinbase taking only 1 day to list TRUMP.
TRUMP Token "has proven its market attraction and quick trading capabilities, however most of the supply is currently controlled by the founding group, creating an inequality in distribution," according to John Smith, cryptocurrency analyst, July 2024.
John Smith, Cryptocurrency Analyst, 07/2024
What was special about TRUMP Token's exchange listing time?
TRUMP Token was listed in a medium of only 4 days, significantly faster than the 129 days of similar Tokens, demonstrating a quick review process and the Token's market heat.
This helped the Token quickly increase liquidation and attract investors. Notably, Coinbase took only 1 day to list but banned New York residents from trading to avoid regional legal risks, showing caution in management operations.
How was the supply distribution and impact of TRUMP Token whales?
80% of TRUMP Token supply is held by the former president's family and partners, with 45 wallets generating profits up to 1.2 billion USD, while 712,000 smaller wallets collectively lost 4.3 billion USD.
The concentrated supply creates significant pressure on small investors and increases market volatility risks. The Token reached its ATH in January but has since dropped 78% in value, reflecting high risks in meme cryptocurrency investments.
The level of supply concentration in the founding group's hands creates strong price fluctuations and significant risks for small investors," according to the 2024 cryptocurrency market analysis report from Crypto Data Insights.
Crypto Data Insights, 2024 Cryptocurrency Market Report
What were the revenues and profits of related parties?
The Financial Times previously estimated the project group earned 314 million USD from Token sales and an additional 36 million USD in on-chain transaction fees on Solana, confirming TRUMP Token's economic potential.
This figure reflects a strong business model based on generating numerous high-fee transactions. However, profit was unequally distributed among investor groups, causing significant market fluctuations.
| Indicator | TRUMP Token | Medium Meme Token |
|---|---|---|
| Listing Time | 4 days | 129 days |
| Transaction Fees (total) | 172 million USD | Not disclosed |
| Supply Distribution | 80% held by family and partners | More distributed |
| Price Drop after ATH | 78% | Varies |
Frequently Asked Questions
TRUMP is a Meme token, part of cryptocurrencies inspired by public culture and personalities, not a cryptocurrency based on deep technological applications.
Who controls most of TRUMP Token's supply?
The former president's family and affiliated partners hold approximately 80% of the Token's total supply.
Why was TRUMP Token's listing time so fast?
Due to its hot nature and market attraction, exchanges prioritized quick listing to leverage FOMO and liquidation effects.
What were investors' profits and losses?
45 large wallets profited around 1.2 billion USD, while over 712,000 smaller wallets collectively lost more than 4.3 billion USD.
Is TRUMP Token safe for long-term investment?
With high supply concentration and significant volatility, this Token carries high risks, and investors should be cautious and thoroughly research before participating.
