Review of TRUMP Token Trading Frenzy: On-chain Data Analysis

Recently, the frenzy of TRUMP Token trading has gradually subsided. Let's take a look back at the on-chain data from these four days to glimpse the full picture of this financial carnival.

In just a few days, the TRUMP Token attracted 929,543 new on-chain traders. The growth curve of new traders shows a typical power-law distribution, peaking at 42,208 people per hour at 11:00 AM (Beijing Time) on January 18, before rapidly declining to 1,383 people per hour by 4:00 PM (Beijing Time) on January 22.

Data shows that the so-called "conspiracy group" (i.e., addresses that only sell but do not buy) has sold a total of $310,654,055 worth of Tokens. These addresses exhibited two significant peaks in selling behavior, occurring at 9 AM and 11 PM (Beijing time) on January 20, with sell amounts reaching $2.35 million and $7.28 million, respectively. It is noteworthy that although the amount of Tokens sold during the 9 AM wave was larger, the value in USD was actually lower than that of the 11 PM sell-off due to the plummeting coin price.

In this game of capital and humanity, only 4 addresses can be called "diamond hands". These addresses have invested a total of 674 dollars to purchase TRUMP tokens, currently averaging a loss of 168 dollars. True to their name, the existence of these "diamond hands" is as rare as diamonds.

With the end of the unilateral rising trend of TRUMP Token prices and the return of volatility to normal, the number of wallet addresses holding the token has begun to slowly decline after reaching a peak of 852,000, and is currently around 770,000.

The behavior of large holders (whales) is also worth paying attention to. They began accumulating positions on January 18 at 20:00, started to quickly reduce their holdings on January 20 at 4:00, and increased their selling pressure after the issuance of a related Token at 5:00. After the sharp drop of TRUMP, they bought heavily at the low point and gradually reduced their positions during the second rebound. Currently, the holdings of large holders have dropped to historically low levels.

Finally, let's take a look at the profit and loss distribution of TRUMP Token trading. The data shows that the profit and loss distribution perfectly follows the normal distribution law:

• Profits exceeding 10 million USD: 28 addresses
• Profit of 1 million to 10 million USD: 424 addresses
• Profits of $10,000 to $1,000,000: 16,791 addresses
• Profit of 1,000 to 10,000 USD: 50,636 addresses
• Earnings of 0 to 1000 dollars: 259,429 addresses
• Loss of $0 to $1000: 486,421 addresses
• Loss of $1,000 to $10,000: 65,763 addresses
• Losses of $10,000 to $1,000,000: 16,571 addresses
• Loss of 1 million to 10 million USD: 367 addresses
• Losses exceeding 10 million USD: 33 addresses

The recent surge in TRUMP Token trading is like a fantastical carnival that ultimately must return to reality. For most participants, it may just be a fleeting speculative attempt, but for a few, it could become an opportunity to change their fate. Regardless, this event once again demonstrates the high risks and volatility of the cryptocurrency market and reminds us to remain rational and cautious when participating in any investment.