TRUMP token skyrockets and plummets for 3 months, with 86.9% of major players clearing their positions, resulting in losses of up to $30 million TRUMP, once known as the pinnacle of celebrity coins, has plummeted by over 90% since its launch, triggering FOMO sentiment and causing its price to soar to $75. Rumors of unlocking 4% tokens on April 18th and Trump hosting a dinner for coin holders on April 20th intertwined, leading to a rebound in TRUMP's stock market. But the three-month change in the chips of major players reveals a deeper story. According to PANews data tracking, as of April 21st, 86.9% of the top 1000 large investors have cleared their positions, selling a total of 48 million TRUMPs, accounting for 24% of the total circulation. At the same time, newly entered funds are concentrated behind exchanges such as Robinhood and http://(Crypto. com), with some large investors taking high positions and increasing holdings, but experiencing significant losses - the biggest loser has lost over $33.66 million, with an average holding cost of up to $41. The project party's relevant address was accurately cashed out at a high point and left the site: The address "2Fe47" received 25 million tokens in the early stage and cashed out over 110 million US dollars through high-level selling; Another address earned $25 million and cleared its position before leaving. These operation paths are suspected to be internal accounts of the project team, exacerbating the community's doubts about manipulation and insider trading. At present, the distribution of TRUMP coin holdings is more concentrated, with the proportion of top 1000 addresses holding coins reaching 98.5%. Although the token price rebounded due to the positive news of the "dinner party", risks have not been eliminated: issues such as chip concentration, high buying and selling taxes, and insider questioning still exist. The story of TRUMP token is a microcosm of the MEME market - behind the myth of sudden wealth, there is a deep pit that retail investors bear.