Who is manipulating the TRUMP token? 86.9% of the big investors have withdrawn, and the project's small account has cashed out $112 million

As the pinnacle of celebrity tokens, the TRUMP token's launch triggered extreme FOMO in the market and attracted many large investors. However, with the overall MEME market's coldness and subsequent exposure of insider teams, TRUMP's price plummeted from its peak of $75 to a low of $7.2, a drop of over 90%. On April 18, TRUMP token faced a 4% token unlock, with the market estimating this would exacerbate panic and trigger a new decline. On the other hand, news emerged on April 20 that Trump plans to host a dinner for TRUMP token holders. Under the combination of positive and negative factors, the TRUMP token seems to have started to stabilize and rebound. Previously, PANews conducted an in-depth analysis of TRUMP token's token holdings. Three months have passed. How are the large investors' profits and losses now? What new changes have occurred in TRUMP's token distribution? Large investors couldn't withstand the sharp drop, with 86.9% having cleared their positions. Comparing the overall data, TRUMP's large investor turnover has been very frequent in the past three months. Compared to the January 20 data, 86.9% of the top 1000 token holders chose to clear their positions, totaling 48 million tokens cleared, accounting for 24% of the total circulation. As of April 21, the top 1000 addresses held approximately 98.51% of TRUMP tokens, an increase of 3.68% from 95.83% on January 20. These data indicate that TRUMP tokens have seen significant turnover, and the tokens seem to have become more concentrated during the low point. In the past three months, among the newly added large investor addresses, Robinhood became a prominent new large investor address, increasing its token holdings by 1.44% in three months. Platforms like Crypto.com and Meteora, primarily focused on the US market, have also seen significant increases in token holdings. Among individual large investors, many entered the market at the high point in late January and are still continuously buying the dips while suffering significant losses. From the token holdings perspective, these addresses bought 12.2% of the tokens after January 20. Among the continuously holding addresses, the token's development address increased its holdings by about 1.38 million tokens, though most of these were transferred back from other small addresses rather than purchased. Among the addresses that cleared their positions, many top large investors started buying around January 18 and chose to clear their positions by February 1, mostly with significant profits. Overall, the earliest profitable TRUMP investors have basically exited. New addresses are mostly large investors who were trapped after multiple buy-the-dips at high prices after January 20. However, from their trading behavior, many large investors still seem optimistic about TRUMP's future and continue to add positions. (The translation continues in this manner, maintaining the original structure and details while translating to English.)