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Crypto whales hold approximately 94% of the supply of the recently-launched meme coins Official Trump (TRUMP) and Melania Meme (MELANIA), said on-chain analytics and tracking firm Chainalysis.
The funds are spread across 40 different wallets that each hold over $10 million worth of either of the meme coins, it said in a post on X on Jan. 23.
7/8 Whales dominate holdings – as of yesterday, around 40 whales holding $10M+ of $TRUMP/ $MELANIA tokens account for 94% of the holdings of $TRUMP or $MELANIA tokens. pic.twitter.com/1wKeEqBfMH
— Chainalysis (@chainalysis) January 23, 2025
The crypto whales securing $1 million to $10 million worth of either token account for 2.1% of total holders. Additionally, the whales holding between $100,000 to $1 million in their wallets make up 1.7% of all holders.
Furthermore, approximately 2.2% of the token owners hold less than $100,000 worth, Chainalysis added.
790,000 crypto wallets secure the TRUMP coin, while 343,000 secure MELANIA, according to the DexScreener data.
Even though crypto whales secure a significant amount of TRUMP and MELANIA tokens, the Trump family meme coins are attractive to other traders, Chainalysis said. Almost 50% of new buyers created wallets on the same day they made purchases.
On the other hand, TRUMP and MELANIA tokens are distributed similarly to most other token allocations, according to the teams behind these two projects. 35% of MELANIA tokens were distributed to the team, as it’s stated on the MELANIA website. Furthermore, the website says that 20% is distributed to both treasury and community, 15% to the public, while the remaining 10% is put aside for liquidity.
On January 22, Bubblemaps, a blockchain analytics platform, said in an X post that on-chain data implies the distribution of MELANIA “doesn’t match their website.”
Most TRUMP Token Holders Are Breaking Even
According to Chainalysis, around 77% of TRUMP token holders made a profit of less than $100. However, 60 whales made over $10 million.
A small number of TRUMP token holders experienced losses, which ranged between $10,000 and $100,000.
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