Crypto NewsAltcoinInvestors Lost $4.3 Billion on TRUMP and MELANIA Tokens

Investors Lost $4.3 Billion on TRUMP and MELANIA Tokens

Users of memecoins issued in the names of US President Donald Trump and his wife Melania Trump have faced significant losses.

Follow Bitcoin Sistemi Google News Button

According to data shared by the cryptocurrency data platform CryptoRank, memecoins associated with the Trump family have experienced sharp value losses since the launches of TRUMP and MELANIA.

The TRUMP token has fallen 92% since its peak, while the MELANIA token has dropped by 99%. It is reported that individual investors, in particular, have suffered heavy losses following this collapse.

According to the data, insiders and early participants in the project earned over $600 million through transaction fees and token sales. In contrast, approximately two million individual investors’ wallets reportedly suffered losses totaling over $4.3 billion. This highlights the vast disparity between insiders and individual investors. Calculations show that for every $1 insider gained, individual investors lost approximately $20.

Related News  Tether Surprises with Decision Amid Latest Geopolitical Developments: It Is Shutting Down One of Its Stablecoins, Giving Users One Year to Withdraw Their Assets

The concentration of earnings is also noteworthy. It’s reported that just 45 whale wallets collectively realized $1.2 billion in profits. This has reignited debates about token inequality and the influence of large investors in the market.

On the other hand, it is noted that the selling pressure may not have completely ended. Approximately $2.7 billion worth of insider tokens are locked until 2028, and it is estimated that releasing these assets after their unlocking could create additional selling pressure.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week