A recent analysis has revealed that the majority of tokens from the recently launched Trump family memecoins are concentrated in the hands of a small number of wealthy crypto investors.
According to data from Chainalysis, 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, account for only 2.1% of the total, while those holding between $100,000 and $1 million represent 1.7%. A mere 2.2% of wallets possess less than $100,000 worth of the tokens. Data from DexScreener indicates that roughly 790,000 wallets own the TRUMP token, while 343,000 hold MELANIA.
Despite the significant 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, signaling fresh interest in the market.
The MELANIA token’s website claimed a distribution model that allocates 35% of tokens 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 nearly 90% of the MELANIA supply is held in a single wallet, raising concerns about transparency.
Regarding the performance of TRUMP token holders, Chainalysis found that 77% have earned less than $100. Conversely, a select group of whales—approximately 60 wallets—have seen profits exceeding $10 million. Losses among token holders appear limited, with only a few experiencing losses between $10,000 and $100,000, and hardly any suffering losses beyond $100,000.