Open letter to Trump on $TRUMP — the on-chain numbers are brutal and someone needs to say it.
$TRUMP launched 3 days before inauguration, peaked at $79, now trades at $1.50. That's a 98% drawdown.
Nansen data via CoinDesk:
— 1.48M wallets bought in
— 988,905 wallets underwater (67%)
— Combined loss: $3.81 billion
— Winners? 492,285 wallets, mostly early insiders who got in before the pump
80% of supply locked with CIC Digital and Fight Fight Fight LLC under multi-year vesting. Only 20% circulates. Your OGE disclosure reported $636M from $TRUMP alone.
Someone who put $10k near the top? They're holding $190 today. Not a paper loss. A life decision they can't undo. They didn't buy a memecoin — they bought alignment with the President of the United States.
The ask (respectfully):
1. Publish the full vesting schedule on-chain with exact unlock dates. Certainty > promises.
2. Commit creator fees to buyback-and-burn or real utility. Right now it's pure extraction.
3. Build holder benefits that scale DOWN, not up. The top 220 dinner rewarded whales. What about the 988k underwater?
4. Set a standard. If the first Presidential token shows insider transparency and holder protection, every launch after has to meet that bar. That's a legacy no price chart can touch.
Why this matters beyond one token:
America wants to be the global home of digital assets. That's not won on regulation alone — it's won on trust. Right now, $TRUMP is the #1 global example of why retail shouldn't trust token launches. Fixing that would do more for US crypto credibility than another executive order.
Not asking you to make anyone whole. Asking you to lead on the structure — the one part still in your control.
988,905 wallets aren't a statistic. They're your supporters.
Sources: Nansen, Chainalysis, CoinDesk, NYT, OGE disclosures. DYOR.
$TRUMP launched 3 days before inauguration, peaked at $79, now trades at $1.50. That's a 98% drawdown.
Nansen data via CoinDesk:
— 1.48M wallets bought in
— 988,905 wallets underwater (67%)
— Combined loss: $3.81 billion
— Winners? 492,285 wallets, mostly early insiders who got in before the pump
80% of supply locked with CIC Digital and Fight Fight Fight LLC under multi-year vesting. Only 20% circulates. Your OGE disclosure reported $636M from $TRUMP alone.
Someone who put $10k near the top? They're holding $190 today. Not a paper loss. A life decision they can't undo. They didn't buy a memecoin — they bought alignment with the President of the United States.
The ask (respectfully):
1. Publish the full vesting schedule on-chain with exact unlock dates. Certainty > promises.
2. Commit creator fees to buyback-and-burn or real utility. Right now it's pure extraction.
3. Build holder benefits that scale DOWN, not up. The top 220 dinner rewarded whales. What about the 988k underwater?
4. Set a standard. If the first Presidential token shows insider transparency and holder protection, every launch after has to meet that bar. That's a legacy no price chart can touch.
Why this matters beyond one token:
America wants to be the global home of digital assets. That's not won on regulation alone — it's won on trust. Right now, $TRUMP is the #1 global example of why retail shouldn't trust token launches. Fixing that would do more for US crypto credibility than another executive order.
Not asking you to make anyone whole. Asking you to lead on the structure — the one part still in your control.
988,905 wallets aren't a statistic. They're your supporters.
Sources: Nansen, Chainalysis, CoinDesk, NYT, OGE disclosures. DYOR.