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Most TRUMP holders are retail investors with less than $100 in profits, while 60 whales have gained over $10 million, according to Chainalysis.
The majority of crypto wallets holding the Official Trump (TRUMP) meme coin haven’t made much money. According to data by Chainalysis, over 77% of them have earned less than $100, while whales have pocketed over $10 million each.
In an X thread on Jan. 23, the New York-headquartered blockchain forensic firm revealed that TRUMP and MELANIA (MELANIA) meme coins are mostly popular with small-time investors. “Over 80% of $TRUMP and/or $MELANIA holders are investors who hold less than $1k worth of assets on Solana,” the firm says.
6/8 In terms of 📈profits, over 77% of wallets that hold $TRUMP have earned <$100 as of Jan 21, but 60 whales have earned >$10M. It’s still early days, and this is #notinvestmentadvice pic.twitter.com/5ZFZW1hE3V
— Chainalysis (@chainalysis) January 23, 2025
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A detailed profit-loss breakdown shows the majority of wallets hovering around breakeven or earning less than $100. These retail investors dominate the market, with over 600,000 wallets falling in this bracket. On the other hand, only a handful of wallets — around 60 — hold the largest profits, surpassing $10 million in realized gains.
“[…] most wallets that hold $TRUMP and/or $MELANIA hold less than $100 worth, suggesting retail buying activity. But there are also several wallets holding upwards of $100M.”
Chainalysis
Approximately half of the holders of TRUMP and MELANIA meme coins are new to the Solana ecosystem, the firm notes, adding that nearly 50% of these new holders “have never bought a Solana altcoin before.” Additionally, a big number of these holders created their wallets on the same day they purchased the tokens, the data shows.
The analyst also pointed out that after minting 1 billion TRUMP meme coins, most of the supply went to just four wallets to hold or provide liquidity to exchanges.
Meanwhile, the price of TRUMP dropped to $38.50 on Tuesday, Jan. 21, down by about 50% from its peak on Sunday, bringing the meme coin’s market valuation to approximately $7.6 billion. Data compiled by Nansen reveals that the most profitable TRUMP whales have sold most or all of their holdings to take profits.
Read more: Bitcoin strategic reserve left hanging even as Trump takes office, what next?
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