$TRUMP coin trading frenzy recap: 930,000 new users, $311 million sell-off and profit-loss distribution

The trading frenzy of $TRUMP coin has gradually subsided after reaching its peak in the last four days. Let’s review the changes in on-chain data during this period.

This token has attracted nearly 930,000 new on-chain traders. The growth curve of new traders follows a power-law distribution, peaking at 42,208 per hour at 11:00 AM Beijing time on January 18, (, and then rapidly declining to 1,383 per hour by 4:00 PM on the 22nd.

![Overview of TRUMP coin transaction on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-c204235d306d554a5d11954bf8137167.webp(

As of now, the addresses that only sold and did not buy have sold approximately $311 million worth of $TRUMP. The selling volume from these addresses peaked twice on January 20, at 2.35 million dollars at 9 AM and 7.28 million dollars at 11 PM. The wave of selling at 9 AM was panic-driven; despite the coin price plummeting, the total amount converted to dollars was actually lower than that at 11 PM.

![Overview of TRUMP coin trading on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-efcaa7eff05ceaf6fe42312069901811.webp(

In this carnival of capital and humanity, only 4 addresses can be called "diamond hands". They have invested a total of $674 to purchase $TRUMP, currently averaging a loss of $168 per address. This behavior of holding on is as rare as diamonds.

As the price of $TRUMP coin's one-sided上涨 trend comes to an end and volatility returns to normal, the number of addresses holding the coin has started to slowly decline after reaching a peak of 852,000, and it has now fallen to 770,000.

![Overview of TRUMP coin trading on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-d4723f846282ca8da947a48bfcced0d9.webp(

Large holders (commonly known as "whales") began to buy in large quantities at 20:00 on January 18. They started to rapidly reduce their holdings at 04:00 on January 20, and at 05:00, after the issuance of a certain well-known person's related token, they increased their selling pressure. After the crash of $TRUMP, these large holders bought in large amounts again at the low point and gradually reduced their holdings during the subsequent rebound. Currently, the holdings of large holders have dropped to a historical low.

![Overview of TRUMP coin transaction on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-d9986a96da92b880d79689c4ce05da47.webp(

The profit and loss distribution of $TRUMP trading perfectly conforms to a normal distribution:

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

![Overview of TRUMP coin transaction on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-f36723b7f2902e9ccf3e170cf26d215c.webp(

![Overview of TRUMP coin trading on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-131d3b4037924c7cbd673e6f33cc12ed.webp(

![Overview of TRUMP coin trading on-chain MVP settlement screen])https://img-cdn.gateio.im/webp-social/moments-94b0abdd4344436f930a80b349b24051.webp(

The brief trading frenzy has come to an end, hot money has retreated, and some have made profits while others have incurred losses. The legendary stories of individual coins bringing huge returns ultimately belong only to a few lucky ones. As the market becomes more rational, investors should also calm down, examine their gains and losses in this storm, and accumulate experience for future investment decisions.