Skywee008

Nansen’s on-chain research revealed that some investors made nearly 19,000% gains from TRUMP memecoin trades. Data also identified 33 addresses that lost around $10M after exiting their positions early. 

On Monday, the TRUMP memecoin soared to more than $10 in market value. Nansen identified several whales, including Santiago R. Santos and funds such as Master Ventures and Swissborg, as the largest holders of the TRUMP memecoin.

Data shows TRUMP coin’s investor profitability

6⃣额外赠送一张$TRUMP PNL的分布图，大家在其中找找自己的位置，都沉淀沉淀🤣

$TRUMP的PNL分布完美符合正态分布规律，具体分布如下：赚了$10M+ ：28个地址；赚了$1M～$10M：424个地址；赚了$10k～$1M：16791个地址；赚了$1k～$10k：50636个地址；赚了0～$1k：259429个地址；… pic.twitter.com/egn4mUzAdE

— NingNing (@0xNing0x) January 21, 2025

As the TRUMP trading FOMO continues to cool, on-chain data from the last four days revealed that TRUMP attracted a total of 929,543 new on-chain traders. The growth curve of attracting new traders also showed a power-law distribution, which reached a high of 42,208/hour on January 18 and fell to 1,383/hour today.

Chinese analyst Ning Ning revealed an additional distribution map of TRUMP’s profit and losses that followed the Normal Distribution. The map identified the profit distribution thus: 28 addresses earned $10M, 424 addresses earned between $1M and $10M, 16,791 addresses earned between $10K to $1M, and 50,636 addresses earned between $1K and $10K.

The loss distribution was as follows: 486,421 addresses lost around $1K, 65,763 addresses lost between $1K and $10K, 16,571 addresses lost between $10K and $1M, 367 addresses lost between $1M and $10m, and 33 addresses lost $10M.

Data revealed that many of the largest profit-making investors had already sold off their holdings and realized gains. The data also showed that some investors continue to hold large positions with unrealized gains as steep as 19,000%.

For instance, an investor who held over $52 million of TRUMP sold off the entire position at once, with a 91% return on the investment.

The data also showed that 33% of the 15 largest holders by position size had completely exited their positions as of Monday noon. The rest of the holders sold off their positions but maintained smaller exposure, although one large holder with a $32 million position had yet to sell.

Other investors who realized over 10,000% returns varied in position size, with one holding $1,400 and the highest holding as much as $2.4 million. Another holder saw the highest gain at almost 19,000%, had a position worth $270,000 and still held 54% as of Monday.

The data also recorded some significant losers, including one investor who exited their position after it was down by 36%, for a loss of over $3.5 million. Another investor also sold off their position after it was down 41%, for a loss of almost $2 million.

MELANIA coin sucks liquidity out of the TRUMP coin

The president launched TRUMP on Friday night, and it surged from less than  $10 on Saturday morning to around $74 before giving up some of its gains on Monday. At the time of publication, TRUMP is trading at $43.43. 

Melania also launched the MELANIA memecoin late Sunday, which caused a sudden 50% drop in the value of the TRUMP coin. The Kobeissi Letter revealed that the launch of Melania’s token erased $5 billion in TRUMP’s market cap.

“This success highlights the unique ability of memecoins to transform cultural moments into tradable assets, offering clients an opportunity to engage with and capitalize on these trends.”

-Mark Greenberg, Kraken’s global head of consumer business.

The TRUMP and MELANIA coins were created on the Solana blockchain, which saw Solana’s price soar over the weekend to an all-time high of $294 on Sunday. 

Conor Grogan, a former Coinbase executive, said that without selling even a single token, the Trump Organization had raked in ~$58 million in trading fees alone in a single day. Grogan also revealed that the organization’s position yielded ~$15m+ daily on current APRs.

Gabor Gurbacs, founder of digital asset firm Pointsville, said that Trump needed to fire his crypto advisors from top to bottom. He revealed that the memecoins cost the U.S., the presidency, and his family a lot of credibility, and consequences have not even started.

Coinbase considered coins that trade on hype a go-to vehicle for scams known as rug pulls but acknowledged that not all memecoins are scams. The TRUMP and MELANIA coins have safeguards to prevent a rug pull. Trump’s coin website revealed that its major holders were subject to a three-year unlocking schedule, so they can’t sell all coins instantly.

A recent familiar rug pull incident happened with the “Hawk Tuah” influencer Hailey Welch, who got sued over her own coin. The influencer’s coin surged to a $500 million market cap before dipping 90%. Welch disclosed last month that she took the situation seriously and was working to help affected investors.

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