The TRU Token Trading Craze Comes to an End: An On-Chain Data Analysis

After 4 days of frenzied trading, the trading frenzy of the TRUMP Token has finally come to an end. Let's take a look back at the on-chain data performance during this period.

The TRUMP Token attracted 929,543 new on-chain traders. The growth curve of new traders shows a power-law distribution, peaking at 42,208 people per hour on January 18 at 11:00 AM (Beijing Time), followed by a rapid decline, dropping to 1,383 people per hour by January 22 at 4:00 PM (Beijing Time).

Data shows that the speculative group of TRUMP tokens (addresses that only sell and do not buy) has sold a total of $310,654,055. These addresses experienced two peaks in selling volume, occurring at 9 AM and 11 PM (Beijing time) on January 20, with sales of $2.35 million and $7.28 million, respectively. It is worth noting that the wave at 9 AM was a panic sell-off, as the amount converted to dollars was actually lower than that at 11 PM due to the sharp drop in coin price.

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 tokens, currently facing an average loss of $168. This behavior of holding on is as rare as diamonds.

With the end of the unilateral rise in the price of TRUMP Token, the volatility has returned to normal levels. The number of wallet addresses holding the coin peaked at 852,000 and has begun to decline slowly, currently down to 770,000.

The behavior of large holders (commonly known as "whales") is also worth noting. They began entering the market on January 18 at 20:00 (Beijing time) and started to rapidly reduce their positions at 4:00 on January 20. After the price of the TRUMP Token plummeted, they bought heavily at the lows and gradually reduced their holdings during the subsequent rebound. Currently, the positions of these large holders have fallen to a historical low.

The profit and loss distribution of TRUMP Token trading presents a perfect normal distribution:

• Profit exceeding 10 million USD: 28 addresses
• Profit of 1 million to 10 million USD: 424 addresses
• Profit of $10,000 to $1,000,000: 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 1,000,000 USD: 16,571 addresses
• Loss of 1 million to 10 million USD: 367 addresses
• Losses exceeding 10 million dollars: 33 addresses

The trading frenzy of the TRUMP Token showcases the enthusiasm and rationality, opportunities and risks of the cryptocurrency market. It is not only a speculative act but also a comprehensive test of the psychology of market participants.