Trump’s official play has collapsed at a record level, as chain data show that the most profitable investors have left.
Official trump (ASSET) The price collapsed at $ 27 on Saturday, down approximately 63 % compared to its highest historic. This fall dropped its market capitalization by $ 14 billion to $ 5.3 billion.
Most of the Trump coin whales threw the token
The chain data reveal that, as for most of the pieces even, the largest whales have left their positions, letting many retail traders hold the bag.
Nansen data show that the most profitable Trump’s official investor has won $ 53 million and has already sold all the tokens. The second investor won $ 52 million and sold around 70 % of its assets worth $ 44 million.
The third investor made a profit of $ 42 million and sold $ 30 million. He still has tokens worth $ 12 million, perhaps because he expects his price to bounce. The other profitable investors have sold most of their tokens.
These sales took place because of the speed with which the token jumped before the inauguration. The liquidation is therefore due to the fact that these investors understand that most of the memes pieces collapse after the end of the initial frenzy. In addition, the token has no intrinsic value.
More and more data show that intelligent money investors, which are more sophisticated than private investors, depending on their experience. The number of these smart investors increased from 340 last week to only 130 today. The tokens held by these investors increased from nearly 30 million to 14.4 million.
Potential legal problems for Trump
The current fall of the meme of Trump and Melania (Melania) pieces drew Washington’s attention. Elizabeth Warren, Senator of Massachusets, and representative Jake Auchincloss, called the authorities to investigate.
Their concerns concern market manipulation and the fact that foreign players could buy the tokens and influence the American president. It is not yet known whether the American office of government ethics and the Securities and Exchange commission will launch an investigation.
A hypothetical trial against Trump and Melania could come from investors who have lost money. Most recently, injured investors have brought legal action against Hawk Tuah Girl after the crash of his Hawk token. These investors accused She for promoting unregistered security. A trial against Trump and the first lady would also lead to an increased sale of their pieces even.