TRUMPCoin Update: Whales Are Selling Off!
Recent on-chain data indicates that major TRUMPCoin holders have been offloading their assets. Similar to other meme coins, the largest investors have exited their positions, leaving retail traders holding their investments amid declining prices.
Top TRUMPCoin Investors' Profits:
Investor #1: Cashed out $53M and fully exited.
Investor #2: Took profits of $52M, selling 70% (~$44M), while retaining ~$8M.
Investor #3: Earned $42M, sold off $30M, and still holds ~$12M, potentially hoping for a rebound.
Most major holders have liquidated their positions following a surge in price leading up to the inauguration. The pattern aligns with typical meme coin trends, where prices plummet after the hype fades. TRUMPCoin's lack of fundamental value has further fueled the sell-off.
Decline in Smart Money Investors
The number of experienced and professional traders, known as smart money investors, has significantly decreased—from 340 last week to just 130 currently. Holdings by these investors have also dropped from 30M tokens to 14.4M, reflecting a sharp decline in confidence.
Legal Concerns Surrounding TRUMPCoin
The sharp decline in TRUMP and MELANIA (MELANIA) meme coins has attracted attention in Washington. Senator Elizabeth Warren and Rep. Jake Auchincloss are pushing for an investigation, citing concerns over possible:
1. Market manipulation.
2. Foreign influence through token purchases.
Although regulatory bodies such as the U.S. Office of Government Ethics and the SEC have not yet taken action, increasing scrutiny could impact the token’s future.
Stay Updated & Invest Wisely
Investors are advised to stay informed and conduct thorough research (DYOR) before making any financial decisions. As the situation unfolds, further updates will follow.
#Write2Earn $Melania $TRUMP
