Trump-Related Assets Experience Significant Volatility

According to PANews, the day after Donald Trump assumed office as the 47th President of the United States, assets linked to him saw substantial declines. On Tuesday, shares of Truth Social's parent company, Trump Media & Technology Group (TMTG), fell by 11%, while the so-called 'Trump Coin' plummeted over 40% from its peak. When questioned on Tuesday afternoon, Trump remarked, "Aside from launching it, I know little about it. I've heard it's very successful, but I haven't checked." Following his comments, Trump Coin briefly dipped but later regained some ground, showing a 20% increase over the past 24 hours. Trump Coin had previously reached an all-time high of $75.35, while MeMe Coin, launched by Melania Trump on the same day, peaked at $13.73. Despite significant declines on Tuesday, early investors who sold near the peak still realized substantial profits. Early data from analytics firm Nansen indicated that by midday Monday, many of the largest Trump Coin holders, those with investments exceeding $20 million, were selling off their holdings for profit. One investor, who held over $52 million in Trump Coin, sold their entire position, achieving a 91% return on investment. Among the top 15 holders, about 33% had fully exited their positions by midday Monday, while others sold most of their holdings, albeit in smaller amounts. An exception was a major shareholder with a $32 million position who had not sold. Nansen's data revealed that investors with returns exceeding 10,000% had varying holding sizes, ranging from $1,400 to nearly $2.4 million. The highest return holder achieved nearly 19,000%, maintaining 54% of a $270,000 position as of midday Monday. While some investors profited significantly, others faced substantial losses. One investor exited their position after a 36% loss, incurring over $3.5 million in losses, while another wallet was sold after a 41% loss, resulting in nearly $2 million in losses.