Most TRUMP holders are retail investors with less than $100 in profits, while 60 whales have earned more than $10 million, according to Chainalysis.
The majority of crypto wallets containing the official Trump meme coin (TRUMP) have not made much money. According to Chainalysis data, more than 77% of them made less than $100, while the whales took home more than $10 million each.
In a January 23 “More than 80% of $TRUMP and/or $MELANIA holders are investors who hold less than $1,000 in assets in Solana,” the company 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
A detailed breakdown of profits and losses shows that the majority of portfolios are around break-even or earning less than $100. These retail investors dominate the market, with more than 600,000 portfolios falling into this bracket. On the other hand, only a handful of portfolios – around 60 – hold the largest profits, exceeding $10 million in realized gains.
“[…] Most wallets containing $TRUMP and/or $MELANIA are valued below $100, suggesting retail purchasing activity. But there are also several wallets containing more than $100 million.
On-Chain Analysis
About half of TRUMP and MELANIA meme coin holders are new to the Solana ecosystem, the company notes, adding that nearly 50% of these new holders “have never purchased a Solana altcoin before.” Additionally, many of these holders created their wallets the same day they purchased the tokens, according to the data.
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, TRUMP’s price fell to $38.50 on Tuesday, January 21, down about 50% from its high on Sunday, bringing the meme coin’s market valuation to about $7.6 billion. dollars. Data compiled by Nansen reveals that the most profitable TRUMP whales sold most or all of their holdings to turn a profit.
