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- Over 77% of TRUMP meme coin holders have earned less than $100.
- Around 60 wallets of the TRUMP coin have gained over $10 million in profits.
Most holders of the TRUMP and MELANIA meme coin have seen limited financial gains. According to a Chainalysis report, more than 77% of the wallets holding the crypto asset have not made more than $100 in profits. According to Chainalysis, 40 addresses that have more than $10 million worth of tokens control 94% of the entire token supply. Individual investors make up the largest part of the TRUMP market, with over 600,000 wallets in this low-margin segment.
Relatively small shareholders own the majority of TRUMP and MELANIA tokens, as most of them moderate their holdings at around 10 tokens. Of the total reported addresses, only 2.1% have between $1 million and $10 million, while 1.7% have between $100,000 and $1 million. The remaining 2.2% of holders own even smaller quantities than the top-tier investors.
On the other hand, only a few whales have benefited greatly. About 60 wallets have received more than $10 million each, which shows that the income is not distributed evenly across the market.
As revealed by Chainalysis, the majority of the TRUMP tokens were held in only four wallets immediately after the minting process. These wallets were used to store huge amounts or to give liquidity to exchanges. This consolidation shows that a few investors can dictate the market direction of cryptocurrency.
2/8 🔎Chainalysis Reactor shows that after 1B $TRUMP tokens were minted, 4 wallets received most of the funds to hold or provide liquidity to exchanges. pic.twitter.com/S05yPDj41J
— Chainalysis (@chainalysis) January 23, 2025
Bubblemaps, a blockchain platform, has revealed that the MELANIA token was not distributed properly. According to the website, 35% of tokens are attributed to the team, 20% to the treasury and the community, and 15% to the public.
However, as per Bubblemaps, about 90% of MELANIA’s supply is controlled in a single wallet, raising questions on equal distribution. Still, Nansen’s data shows that the most profitable TRUMP whales have likely sold almost all of their tokens to lock in profits.
New Investors Flock to Solana Ecosystem
Chainalysis pointed out that 50% of TRUMP and MELANIA meme coin investors are relatively new to the Solana blockchain. About half of these users had not invested in Solana-based altcoins prior to entering the market. Also, many wallets were launched at the same time when owners bought TRUMP or MELANIA coins, which are indicators of new users’ interest.
5/8 🆕These are largely new retail buyers. ~50% of $TRUMP and/or $MELANIA token holders have never bought a Solana altcoin (tokens on the Solana blockchain excluding $SOL and stablecoins) before. Nearly half of buyers created their wallets the day they purchased the tokens. pic.twitter.com/b7OwxaCCv4
— Chainalysis (@chainalysis) January 23, 2025
It is worth noting that on January 21, two major transactions took place after the inauguration of Donald Trump. An account dubbed Ansem is alleged to have sold 194,799 TRUMP tokens for $6.83 million while losing $2.55 million after having bought them for 9.38 million USDC.
Another big transaction included the transfer of 1,621,351 TRUMP tokens worth $67.4 million from one unknown wallet to another. These movements have raised questions about the possible offloading of the tokens, specifically the TRUMP token, which dropped 40% in value within one day.
Although there was a lot of enthusiasm, the value of TRUMP declined sharply, with losses. The coin’s price dropped by 51.55% from its recent high and was $36.39 at the time of writing this. It currently has a market capitalization of about $7.27 billion.
