Donald Trump’s meme coin, $TRUMP, promised excitement, controversy, and maybe some quick cash. And while it certainly delivered on the first two, the financial results have been a little lopsided. The $TRUMP Token surged quickly, then dropped just as fast, leaving thousands of retail investors in the red. According to blockchain data, just 58 wallets have made serious money from the coin, we’re talking millions. Meanwhile, over 764,000 wallets? They’re in the red.
How Did This Happen?
It all started with a lot of hype. Trump launched the $TRUMP token in January 2025, right before stepping back into the Oval Office. The coin quickly grabbed attention on crypto Twitter, Truth Social, and beyond. Supporters, speculators, and curious onlookers jumped in fast, driving up the price and pushing the token’s market cap to over $14 billion at its peak.
But as usual with meme coins, those who got in early did great. Those who didn’t? Not so much.
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The Winners Knew When to Jump
The 58 wallets that made millions weren’t just lucky. They moved fast, scooping up massive amounts of $TRUMP at launch before the real hype wave kicked in. Once prices ballooned, they cashed out and walked away smiling. That’s classic memecoin mechanics: buy early, sell before the music stops.
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, 2025
On the other end, the majority of holders, more than three-quarters of a million wallets, bought in during the surge, likely expecting the coin to go even higher. Instead, they watched it fall back down. And now many are holding tokens worth far less than what they paid.
Wait, Isn’t This a Bit Sketchy?
Yeah, a lot of people think so. For one, 80% of all $TRUMP tokens weren’t even sold to the public. They’re held by two Trump-linked companies, CIC Digital LLC and Fight Fight Fight LLC. That kind of centralized control doesn’t sit well in a market that’s supposed to be about decentralization.
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Then there’s the fact that Trump is a sitting U.S. president. Ethicists and legal experts have raised questions about the potential for conflicts of interest, especially if foreign investors are buying the token. Some are even calling it a walking emoluments clause violation
$TRUMP Token: What Should Investors Take Away from This?
If you’re new to crypto, this should be a reality check. Meme coins are fast-moving and full of hype, but they’re also super risky. The price swings are wild, the gains are uneven, and the biggest winners are usually the first in line, or the ones with insider access.
And while $TRUMP made headlines, it also left hundreds of thousands of small traders holding losses. That’s not unique to this token, but the scale here is pretty staggering.
So What Now?
The $TRUMP coin wasn’t just another meme coin, it was a political spectacle with real financial consequences. A few people hit the jackpot. Most didn’t. The entire saga is a reminder that in crypto, especially meme land, the line between fortune and failure can be razor-thin.
If you’re going to play this game, know the rules and know who’s really holding the cards.
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Key Takeaways
- Just 58 wallets made millions from Trump’s $TRUMP coin, while over 764,000 wallets ended up in the red.
- Early buyers scooped up large amounts of the token at launch and cashed out quickly before prices fell.
- More than 80% of $TRUMP tokens are held by two Trump-linked entities, raising concerns about centralization and transparency.
- Legal and ethical questions are emerging as Trump, now president, is linked to a token that may be owned by foreign investors.
- The $TRUMP saga shows how meme coins can create massive hype and profit for a few, but leave most investors with steep losses.
The post 58 Wallets Cashed Out on Trump’s Coin While Everyone Else Held the Bag appeared first on 99Bitcoins.
