Even after Donald Trump said top holders of his TRUMP memecoin could join him for dinner and a White House tour, many investors are still selling their tokens. According to blockchain firm Nansen, over the past week, around $869 million worth of TRUMP tokens have been sold, while only $96 million was bought.
Nansen said most people are using the chance to cash out, but a few still want in — maybe to meet Trump or profit from price swings. Some new wallets even joined the top 250 holders.
The TRUMP token launched in January and has faced criticism from lawmakers and crypto leaders. Some worry the Trump family might still control most of the token and could suddenly pull the plug on it.
One wallet named “Sun” held over $16 million worth of TRUMP, sparking rumors that it might belong to Justin Sun, a known Trump supporter. But it’s not confirmed.
Despite the hype and big names possibly being involved, many are playing it safe and walking away from the coin. $TRUMP
