Majority of TRUMP Token Holders Earned Less Than $100, Analysis Shows
Donald Trump’s official memecoin, TRUMP, has proven to be highly lucrative for a select few early investors, while leaving the majority of retail participants with minimal gains, according to a new Chainalysis report.
An estimated 60 “whales”—influential token holders—each realized profits exceeding $10 million. However, most retail investors were either at break-even or in the red as of Thursday.
“After 1 billion $TRUMP tokens were minted, four wallets received the majority of the supply to hold or provide liquidity to exchanges,” Chainalysis noted. “The majority of wallets holding $TRUMP or $MELANIA contain less than $100 worth of tokens, indicating significant retail participation.”
The analysis revealed that 77% of TRUMP holders earned less than $100, and over 80% of TRUMP or MELANIA holders were investors with less than $1,000 in total Solana-based assets.
Interestingly, 50% of TRUMP and MELANIA holders were identified as first-time Solana-based token investors, suggesting the memecoin brought new participants into the ecosystem. However, whales holding over $10 million in both tokens accounted for approximately 94% of the total token supply.
Both TRUMP and MELANIA tokens have seen sharp declines in recent days. TRUMP is down 7% in the past 24 hours, while MELANIA has dropped 10%, as initial excitement around the official memecoins begins to wane.
Trump launched the TRUMP token just before his inauguration on Monday, with prices surging from a few cents to $14 within hours. Early buyers saw paper gains exceeding $70 million, with $3 billion in trading volumes recorded shortly after the token’s debut.
