According to a report by Golden Finance, data from blockchain analytics firm Nansen shows that TRUMP Token experienced over $869 million in outflows over the 7 days ending April 25. This trend occurred after U.S. President Donald Trump announced that he would host a dinner on May 22 in Washington, D.C., inviting the first 220 TRUMP token holders to attend. Although some investors may continue to hold or buy tokens to qualify for the dinner, the data shows that more holders are choosing to cash out amid price fluctuations.
According to the ranking on the official TRUMP Token website, one of the largest holders of TRUMP Token is an address with the username “Sun”, holding approximately 1.1768 million Tokens (worth about 16 million USD). The identity of the holder of this address remains unknown. Additionally, the TRUMP Token team controls 80% of the total supply, which has raised concerns in the market about potential conflicts of interest and price manipulation.
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