According to a recent analysis, the majority of tokens from the recently launched Trump family memecoins are concentrated in the hands of a small number of wealthy crypto investors.
Data from Chainalysis shows that approximately 94% of the total supply of the TRUMP and MELANIA tokens is controlled by just 40 wallets, each holding $10 million or more. Smaller holders, with balances between $1 million and $10 million, make up only 2.1% of the total, while those holding between $100,000 and $1 million represent 1.7%. A mere 2.2% of wallets hold less than $100,000 worth of the tokens. DexScreener data indicates that around 790,000 wallets own the TRUMP token, while 343,000 hold MELANIA.
Despite the concentration of tokens among whales, the memecoin launches have reportedly attracted a surge of new crypto users. Chainalysis noted that nearly half of the buyers created new wallets on the same day they purchased the tokens, indicating a fresh interest in the market.
Regarding the distribution model of the MELANIA token, the website claimed that 35% of tokens would be allocated to the team, 20% each to the treasury and community, 15% to public sales, and 10% for liquidity. However, blockchain analytics platform Bubblemaps disputes this, reporting that almost 90% of the MELANIA supply is held in a single wallet, raising concerns about transparency.
In terms of the performance of TRUMP tokenholders, Chainalysis found that 77% have earned less than $100. However, a select group of whales, approximately 60 wallets, have seen profits exceeding $10 million. Losses among tokenholders seem to be limited, with only a few experiencing amounts between $10,000 and $100,000, and hardly any suffering losses beyond $100,000.