Compass Investments

– According to new reports, over 764,000 wallets holding Donald Trump’s TRUMP meme coin were at a loss. Most of these wallets lost small amounts, indicating that the main losses came from retail investors during the sell-off.

The data reported by CNBC comes from Chainalysis, a blockchain analytics company, and shows that while there were 2 million wallets holding some coins, the bulk of the gains were concentrated.

Profits are also unevenly distributed, especially among a few early large holders. In total, 58 wallets earned more than $10 million each, totaling about $1.1 billion.

Chainalysis analysts also revealed that a significant portion of the token offering (80% ) was blocked, based on data allegedly linked to Fight Fight LLC and CIC Digital LLC, both controlled by the Trump organization.

the Senate Permanent Subcommittee on Investigations has formally launched an investigation into the structure and revenue stream of the token. Lawmakers are particularly concerned that the token, in conjunction with World Liberty Financial, funnels 75% of its revenue to the Trump family, creating a potential conflict of interest.

The project gained new attention in April when it was announced that it would host a May 22 dinner at the Trump National Golf Club in Washington, D.C., as a thank you for the 220 largest holders.

Despite the volatility in TRUMP’s price, new buyers are emerging – 54,000 wallets have joined the promotion since its launch. However, questions about insider profits and ethics continue to arise.