【大户抛售】谁在操控TRUMP代币?86.9%大户撤离,项目方小号套现1.12亿美元

Foresight NewsPublished on 2025-04-24Last updated on 2026-07-02

Abstract

三个月过去了。如今的大户们盈亏如何?TRUMP 在筹码的分布上又有了哪些新的变化?

撰文:Frank,PANews

作为名人币的巅峰之作,TRUMP 代币的上线引发了市场的极度 FOMO 情绪,并吸引了不少大户入场。但随着整个 MEME 市场的冷寂和相继曝光的内幕团队,TRUMP 的价格一落千丈,从顶峰的 75 美元最低跌至 7.2 美元,跌幅超过九成。4 月 18 日,TRUMP 代币迎来 4% 的代币解锁,市场预估这将加剧该代币的恐慌,引发新的下跌。另一方面,4 月 20 日有消息传出,特朗普计划为 TRUMP 代币持有者举办晚宴。利好利空的结合下,TRUMP 代币似乎已经开始止跌,开始反弹。

此前,PANews 曾对 TRUMP 代币的持币筹码进行过深入分析(相关阅读:《TRUMP 代币的财富真相:大户角逐竞技场,人均买入 59 万美元,发币 1 分钟有地址买入 109 万美元》),三个月过去了。如今的大户们盈亏如何?TRUMP 在筹码的分布上又有了哪些新的变化?

大户也扛不住暴跌,86.9% 已清仓

对比整体的数据来看,三个月来 TRUMP 的大户换手情况十分频繁。对比 1 月 20 日的数据,前 1000 名的持币大户当中,有 86.9% 的大户选择清仓代币,总计清仓代币 4800 万枚,占全部流通量的 24%。

截至 4 月 21 日的数据显示,前 1000 名地址持有的 TRUMP 代币数量约为 98.51%,较 1 月 20 日的 95.83% 上升了 3.68%。上述的数据说明,TRUMP 的代币换手明显,且在低谷阶段似乎筹码变得更加集中。

近三个月来,新增的大户地址当中,Robinhood 成为交易所当中比较突出的新晋大户地址,3 个月,增加了 1.44% 的代币持有量。此外像 Crypto.com、Meteora 等美国市场为主的交易所地址持币量有了明显提升。而在个人大户当中,有不少大户都是在 1 月底 TRUMP 价格高点时开始进场,被套后目前仍在不断加仓,但总体来看亏损严重。从代币的持有量来看,这些持有地址在 1 月 20 日后买入了 12.2% 的代币。

而在持续持有的大户地址当中,代币的开发地址增加了约 138 万枚代币的持有,不过这些代币大多是由其他小号地址转移回来归集的,并不是购买增持。

而在清仓的地址当中,根据 PANews 观察,不少头部的大户都是在 1 月 18 日左右开始买进,2 月 1 日及之前选择清仓,多数都是有不少盈利。

总体的来看,最早获利的 TRUMP 的盈利大户们基本都已出场。场内新晋的地址不少是在 1 月 20 日之后在价格高点多次抄底被套的大户留存。不过从交易行为上来看,不少大户似乎对 TRUMP 币的后期仍旧看好,还在不停的加仓。

有人盈利 2500 万出场,有人被割 3366 万美元

在清仓解套的大户当中,盈利金额最大的应该是 2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv(下称:「2Fe47」)地址,这个地址在 TRUMP 未上线交易之前,就从创始地址处接收了 2500 万枚 TRUMP 代币,在上线后立马分配在市场上售出,后来又从创始地址 5e2qR 处接收了 2700 万枚再次卖出,总计资金超过 1.12 亿美元,最后将剩余代币归集到创始地址 5e2qR 当中。1 月 20 日的数据显示,该地址共持有超过 100 万枚代币,目前已全部清零。从操作路径来看,这个地址疑似是 TRUMP 代币项目方的小号地址。

另一个大户,3AWDTDGZiW8joyfA52LKL7GUWLoKBCBUBLUE5JoWgBCu 从 1 月 18 日 TRUMP 刚刚上线后就开始大举买进,前后花费 7855 万美元买进,最后卖出 1.03 亿美元,大赚 2517 万美元。不过,最后的一次进场,是在 1 月 25 日~1 月 27 日之间,该用户认为 TRUMP 币已经跌到低位,花费了 1278 万美元建仓,到 2 月 2 日可能眼看跌无止境,全部清仓卖出 923 万美元。不过总体来说,这个地址在 TRUMP 代币上还是取得了相当大的收益。

还有一个大户,从 1 月 20 日左右开始从各个交易所大举购买 TRUMP 代币,总计花费 4573 万美元,买入 111 万枚,平均成本约为 41 美元。到 2 月 7 日以 17.6 美元卖出 30 万枚后,目前仍持有 81 万枚代币,截至目前浮亏约 3366 万美元,亏损率达到 73%。是新晋大户当中,单个亏损金额最高的地址。

无独有偶,6qgBGeZgPyxdobeHhcNtAqVe927zodpiuoufhwGN8BhP 地址的用户与上述的地址操作类似,也是从 1 月 20 日开始通过几个关联地址开始囤币,前后花费 1667 万美元,目前仍持有 600 万美元代币,亏损也金额也超过 1000 万美元。

TRUMP 代币的剧烈波动,如同一场加密市场的「真人秀」,既展现了 MEME 币投机浪潮中的暴富神话,也揭示了高杠杆博弈下的残酷现实。从早期大户的精准套现离场,到后续接盘者的深陷泥潭,这场游戏中的赢家与输家已被市场清晰分野。尽管特朗普的「晚宴利好」暂时为代币注入反弹动力,但筹码高度集中、项目方疑似操纵的阴影始终挥之不去。当下的 TRUMP 代币,看似在利空出尽后迎来喘息,但其命运仍牢牢受制于名人效应与市场情绪的共振。对散户而言,这场过山车般的行情无疑是一堂风险教育课:在缺乏基本面支撑的 MEME 币战场,即便是「顶级流量」背书,也可能只是资本收割的华丽外衣。

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