Only 58 Wallets Profit From $TRUMP, 762K Others Record Losses

By: cryptosheadlines|2025/05/07 20:30:03
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The $TRUMP token has been on a rollercoaster lately, with sharp price swings, driven by hype around an exclusive dinner for the top 220 token holders teased by President Trump.Interest in the TRUMP token shot up over 50% after Trump promised the “gala dinner,” which pushed the token’s market cap to a peak of $2.7 billion, and has since cooled down to $2.18 billion.762K Wallets Lose, 58 Whales Make $1.1 BillionAccording to a latest CNBC report, Data from Chainalysis shows that around 762,000 wallets that bought the $TRUMP memecoin suffered losses and are currently in the red. Most of these wallets held smaller amounts of the token. The profits were mostly enjoyed by a few early whales as they grabbed the lion’s share. 58 lucky wallets managed to gain over $10 million each, totaling roughly $1.1 billion in profits. Since that rally, about 54,000 more wallets have bought the coin, bringing the total to 100,000 new wallets since April. BREAKING: 58 people have made over $10 million each from Trump’s meme coin, totaling $1.1 billion in profits.764,000 people/wallets of mostly small holders have lost money on it.It’s kinda like the Trump economy. The billionaire get richer and the average American gets... pic.twitter.com/I9bPGNTtXf— Brian Krassenstein (@krassenstein) May 6, 2025The dinner hype is driving big moves, as a newly created wallet withdrew 1M $TRUMP ($10.78M) from Binance, while @MemeCore_ORG pulled out 1.39M $TRUMP ($17.8M) for the event, now facing a $2.8M loss.Conflicts Of Interest However, the Trump-branded memecoin and a related crypto venture, World Liberty Financial, are facing heat from regulators and ethics watchdogs over possible conflicts of interest. The Senate’s Permanent Subcommittee on Investigations has now launched a probe into the token’s ownership and how it makes money. It mainly centers around the dinner contest, promotional posts from President Trump, and links to foreign investors like a state-backed Emirati fund and Justin Sun. President Trump and his allies reportedly made nearly $900,000 in trading fees over just two days after announcing the exclusive dinner. Besides, Trump is also holding a $1.5 million per-person “Crypto & AI Innovators” dinner through his super PAC. But there is no requirement to reveal who is buying into the event, which has sparked concerns. Crypto transactions are not publicly disclosed like political donations, which has raised fears of hidden influence from anonymous or foreign backers. Source link

You may also like

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Popular coins

Latest Crypto News

Read more