Mining the top MEME Token TRUMP on Whale: highest earnings over $14 million, legendary trader GCR early layout becomes the largest holder

Author: Frank, PANews

Recently, with the occurrence of the Trump attack incident, many Trump-related meme coins once again dominate the market. The highest market cap Trump meme coin, TRUMP issuance, has been for nearly a year, with a maximum increase of over 335,000 times. The market cap once reached nearly 800 million US dollars, creating many wealth legends in TRUMP.

Why can TRUMP stand out among many concept currencies? How do these Whales capture such wealth passwords? PANews may provide some insights into the reasons behind it.

The encryption campaign base built by fans?

MGAG (Token code Trump) was issued on the ETH blockchain on August 11, 2023. On the same day, the judge presiding over the Trump case issued a protective order to Trump. As a result, TrumpToken was issued. TRUMPToken is not quite the same as traditional MEME coins. In addition to having an exclusive website and social media like other MEMEs, the operator of TRUMPToken is not as happy to play with memes as other MEMEs.

In actual operation, the TRUMP project has donated 550ETH (worth $1.74 million) to veteran and children’s rescue organizations in 48 weeks, and rarely attracts follow by making MEME images. This operation does make it look more like a part of Trump’s campaign team rather than a gathering of speculators.

The current publicly disclosed participants in TRUMP include Steven Steele, who claims to serve as the Chief Marketing Officer of the TRUMP token. His public introduction on Twitter includes titles such as talk show host, recording artist, and creative consultant. According to Steven Steele, he will promote the TRUMP token at the Republican National Convention. Another official website event host is Shawn Farash, a supporter of Trump and a constitutional conservative. As of now, other team members of TRUMP remain anonymous.

Compared to other MEME tokens, TRUMP belongs to the PolitiFi category, which is a barrier to its listing on major exchanges. Steven Steele has stated that the TRUMP team’s attempts to list on exchanges like Kraken have failed this year because the TRUMP token is too politicized and may pose political risks to exchanges.

Legendary trader GCR layout, maximum revenue Address over 14 million US dollars

The Address ranked 4th in terms of TRUMP token holdings (also the largest individual holding Address) is marked as GCR, holding 966,000 TRUMP tokens, accounting for approximately 1.99%. This Address started buying TRUMP tokens as early as December 9, 2023, with a total investment of about $700,000. Currently, the Holdings are valued at $7.26 million, with a profit rate of over 10 times. The cost of the earliest batch of increasing the position was only $0.27, and the price has multiplied nearly 30 times since then.

According to the community speculation, GCR may refer to GCRClassic, also known as Giant Cassock Revival, is an OG trader who may be the most profitable person in the FTX and Luna crashes. In July 2022, GCR expressed optimism about Trump as the Republican candidate for 2024 on social media and recommended long positions in Trump-related stocks and cryptocurrency. Judging from GCR’s entry time, his strategy should be to continue to be bullish on Trump, and then wait for related concept coins to emerge in the market, buy in, and hold long term.

The holding address of Donald Trump himself or his team currently holds 579,000 TRUMP tokens, worth about $4.5 million. However, Trump himself did not spend money to purchase these tokens. They all came from donations to the official TRUMP project. The earliest donation was made on August 19, 2023, with a total of 469,901 tokens sent, worth $4,214 at the time (currently worth $3.55 million). Later on, the address received about 100,000 TRUMP tokens in succession.

To this day, most Trump-related Token projects will choose to donate Token to this Address, and now this Address holds over 1300 kinds of Tokens, with a total Holdings value exceeding $9.52 million.

0x63a7C66b7ef9beDF7Bb3BA36cE3f831a50eF33B2

This Address’s Holdings closely followed Trump’s Address and is one of the most profitable traders. This Address started buying 470,000 TRUMP Tokens with 1.1ETH on August 12, 2023. These Tokens are now worth $3.59 million. The return on investment reached 1795 times. Later, this Address continued with Margin Replenishment, with a total investment of $49,235. As of now, it has sold $1.99 million worth of Tokens and the total profit of Holdings is $5.76 million.

0xf8Ce9f1bD06C7559ff45336D55B1C9de46CE019D

(waxl.eth) This Address is a MEME coin trading master and the most profitable account on TRUMP. Its main success comes from TRUMP, with Holdings profits of over $14 million from TRUMP tokens to date. The earliest investment of this Address was only $5,000. From his @WaxlNakamoto Twitter account, he is also a loyal fan of Chainlink.

Will the president’s expectations have a certain impact on the Favourable Information market?

From the TRUMP trend, the high point in March was the news that Trump’s presidential primary qualification was restored. The highest price in early June exceeded $17, at which time Trump was found guilty by the jury. From the perspective of Favourable Information, this news is not favorable to Trump, but it still pushed the price of this Token to pump crazily.

The Trump attack did not bring the anticipated big pump to TRUMPToken. Instead, from the market’s performance, the attention of TRUMPToken is being diverted by other new Trump-related Tokens. As Trump’s campaign presents more long-form content, such as Fight, EAR, Fear not, etc., these new Tokens are gradually further eroding TRUMPToken’s market share.

After the attack on Trump, TRUMP also experienced a 40% pump on July 13th, but then pulled back around 20% in the following days. Moreover, this pump can only be considered a rebound on the Candlestick Chart, and cannot reflect the heat of this event.

Looking back at a few new issuances of Trump-themed Tokens, FIGHTToken was launched on Ethereum on July 14th, with an Opening Price of 0.0002386, soaring to as high as 0.08128 by July 17th, an increase of up to 340 times. Another FEAR NOTToken has also seen nearly k-fold increase from its opening, from the perspective of the wealth effect, the new Tokens do have a higher cost performance.

However, TRUMP’s Market Cap has reached 340 million US dollars, which may be difficult for other Trump-related tokens to surpass in the short term. As the presidential campaign enters a more intense stage, it is believed that there will be more long Trump or other political concept coins emerging. Whether TRUMP Token can still maintain its leading position remains to be tested over time. As an investor, perhaps it is more important to gain inspiration from the investment strategies of the whales.

Related reading: Trump-themed meme coin has experienced significant fluctuations due to news and election sentiment. What is the outlook for PoliFi token?