Crypto Whales Control Majority of Trump Family Tokens, Says Chainalysis
A recent analysis by Chainalysis has revealed that roughly 94% of the TRUMP and MELANIA tokens are controlled by around 40 wallets, each holding over $10 million worth of these tokens. The tokens launched as memecoins by former U.S. President Donald Trump and his wife, Melania, have attracted significant attention. Still, their ownership is heavily concentrated among a small number of wealthy investors.
According to Chainalysis, wallets holding between $1 million and $10 million worth of either token represent just 2.1% of the total holders. Similarly, wallets holding $100,000 to $1 million account for 1.7% of the total. Meanwhile, 2.2% of the token holders own less than $100,000 worth of tokens. Data from DexScreener shows that approximately 790,000 wallets hold the TRUMP token, while 343,000 wallets own the MELANIA token.
Despite the concentration of holdings among crypto whales, Chainalysis noted that the tokens have brought many new users into the crypto space. Almost half of the token buyers created their wallets on the same day they purchased TRUMP or MELANIA, suggesting the launches attracted fresh interest in cryptocurrency.
The distribution of the MELANIA token has raised concerns. While the official website claims the tokens were divided into 35% for the team, 20% each for the treasury and community, 15% for the public, and 10% for liquidity, blockchain analytics firm Bubblemaps reported inconsistencies. On-chain data indicated that nearly 90% of the MELANIA token supply was initially held by a single wallet, which contradicts the distribution claims.
Chainalysis further reported that most TRUMP tokenholders—77%—have made less than $100 from their holdings. In contrast, 60 crypto whales have profited over $10 million each. Few TRUMP holders have experienced significant losses, with only a tiny number losing between $10,000 and $100,000 and virtually none losing more than $100,000.
These findings highlight the highly centralized nature of the Trump family tokens, sparking discussions about their distribution practices and the potential risks for smaller investors.