Trump and Melania Tokens Are Concentrated in Just 40 Large Investors, Chainalysis Finds

• Token distribution: high concentration among few “whales”.
• Growing number of new investors in memecoins.
• Questions about transparency in the issuance of MELANIA tokens.

A new report highlights that 94% of the total supply of TRUMP and MELANIA tokens remains in the hands of just 40 wallets, each holding over $10 million. According to data from Chainalysis, this concentration raises questions about the accessibility of the assets to the majority of crypto stakeholders.

🧵1/8 While most wallets holding $TRUMP are retail buyers who have roughly broken even, ~50 whales have a realized profit at a wallet level in excess of >$10M. What else do we know from analyzing $TRUMP and $MELANIA ⛓️on-chain? 👇

— chainalysis (@chainalysis) January 22, 2025

Among the remaining holders, 2,1% hold between $1 million and $10 million, while 1,7% hold balances of $100 to $1 million. Meanwhile, 2,2% of addresses hold less than $100. Information from DexScreener indicates that around 790 wallets hold the TRUMP token, while 343 hold MELANIA.

Despite the strong presence of “whales,” Chainalysis reveals that “nearly half of buyers created their wallets on the same day they purchased the tokens,” indicating an influx of new users into the crypto space. In another excerpt, the company adds: “Further suggesting popularity among retail investors, over 80% of $TRUMP and/or $MELANIA holders have less than $1 in assets on Solana.”

The distribution of cryptos also raises questions. Although MELANIA's official website states that 35% of the tokens belong to the team, 20% go to the treasury and community, 15% to public sale and 10% to liquidity, the Bubblemaps platform points out that almost 90% of the supply would be in a single wallet. This reinforces concerns about transparency in the transfer of these assets.

In the case of financial performance, the same analysis indicates that 77% of TRUMP holders earned less than US$ 100 in profits. On the other hand, approximately 60 large portfolios exceeded US$ 10 million in profits. There is also mention of possible losses, but they affect few investors, between losses of US$ 10 thousand and US$ 100 thousand, with practically no cases beyond this range.

The positioning of well-known figures also has repercussions. Businessman Mark Cuban stated: “It’s only a matter of time before a lot of people lose money on this,” causing debate among analysts about the future of these assets.