President-elect Donald Trump’s Official Trump memecoin has created ripples in the crypto industry in just two days of its launch, gaining several thousand percent in its value with over $12 billion market cap.
The Solana based Official Trump Coin is currently trading at $69 with several crypto investors profiteering from its roller coaster price rise through Sunday. However, many market analysts have noticed an eerie pattern where a limited number of traders have accumulated millions in profit, giving rise to speculations of insider trading related to Trump coin.
A crypto researcher on X, Ardizor noted that some of the top wallets have made over $400 millions in 24 hours. Citing lists of top wallets, the researcher also claims that these wallets are potential insiders and they have been actively trading the TRUMP memecoin since its launch.
All these top performing wallets are directly or indirectly related to deployer waller and other early buyers, as claimed. Although there is no such proof or link to interconnection between any wallet.
TRUMP Frenzy
The meteoric rise of TRUMP memecoin has left the crypto community shaken with several leading personas within the space debating whether its good or bad for the industry. While some attribute it to just a fun movement others are considering it a disgraceful move that could harm the future of this industry.
As crypto space is well known for its degeneracy, none of the outcomes matter as people are making money out of it. As claimed by the researcher Ardizor, tens of the wallet have made millions in profit.
Top TRUMP Trader Wallets
| Wallet | Buying | Sold | Profit (Realized / Unrealized) |
| 3AWDTDGZiW8joyfA52LKL7GUWLoKBCBUBLUE5JoWgBCu | $14.7M | $26.5M | $11.7M / $20.9M |
| 7PypumCQ4wco2bV4UAjCwbrdCdnWwyAacjxRhX3yuz8R | $438.5k | $11.7M | $11.3 / $14.8M |
| EwkH5aEmKEAC2M8eh8x8XVkNyPTZt1PSUH875bXrVmjP | $11.8M | $20.5M | $8.6 / $7.1M |
| C5YSQjFWwdPcQnEyh51Gt8tTWzRpzAPAyqUi9GX526SD | $3.5M | $11.2M | $7.7M / $2.8M |
| 6UFLbgXz8LX19WbQWZ5zC34oVteXzLbKHXcPfE1hKhvo | $1.8M | $7.9M | $6 / $32.8M |
Insiders or “just got lucky?”
The extraordinary gains made by top wallets have raised questions about whether they are simply traders who got-in early or it was all strategically planned. The quick gain and unbelievable profit amount – such as making $12 million from barely $438k – suggests an uncanny ability to time the market with precision.
Although this event is not one of its kind as we have already seen crypto traders making huge chunks several times from memecoins. While some argue these are seasoned traders leveraging advanced tools and strategies, others speculate about potential preemptive access to market-moving information.
For everyday investors, the TRUMP story serves as both inspiration and a warning. While the potential for exponential gains is real, the volatility and risk associated with such investments cannot be ignored. Experts recommend exercising caution and thorough research before engaging in speculative trading.
