Blockchain analytics agency Chainalysis revealed that almost all of holdings for Donald Trump’s Official Trump (TRUMP) token and Melania Trump’s Melania Meme (MELANIA) token are concentrated within the fingers of simply 40 crypto whales.
These whales, who every maintain $10 million or extra within the tokens, account for 94% of the mixed token provide, in response to a report printed on January 22.
Chainalysis additional famous that smaller holders make up a negligible portion of the market.
Mid-Tier Traders Maintain Much less Than 4% of Trump Household Meme Cash
Wallets holding between $1 million and $10 million value of the tokens signify solely 2.1%, whereas these with holdings valued between $100,000 and $1 million account for simply 1.7%.
In the meantime, 2.2% of token holders possess lower than $100,000 value of both token.
Regardless of the whale dominance, the memecoin launches reportedly introduced a wave of latest customers to the crypto house.
Practically half of the patrons created wallets on the identical day they bought TRUMP or MELANIA tokens, indicating the tokens’ enchantment to first-time crypto traders.
DexScreener information reveals that TRUMP has been acquired by 790,000 wallets, whereas MELANIA is held by 343,000 wallets.
7/8 Whales dominate holdings – as of yesterday, round 40 whales holding $10M+ of $TRUMP/ $MELANIA tokens account for 94% of the holdings of $TRUMP or $MELANIA tokens. pic.twitter.com/1wKeEqBfMH
— Chainalysis (@chainalysis) January 23, 2025
Nevertheless, blockchain analytics platform Bubblemaps challenged claims relating to MELANIA’s distribution.
In accordance with their findings, almost 90% of MELANIA’s provide is held in a single pockets, contradicting the challenge’s web site, which outlines a extra distributed allocation.
Chainalysis additionally revealed that whereas 77% of TRUMP tokenholders have made lower than $100, over 60 whales have profited greater than $10 million.
Conversely, solely a small variety of holders have incurred vital losses, with few shedding between $10,000 and $100,000, and even fewer exceeding losses of $100,000.
The focus of token possession amongst whales raises questions concerning the distribution practices of those meme cash and their enchantment to retail traders.
Trump Frenzy Triggers Inflows of $2.2B into Digital Asset Merchandise
Triggered by the Trump inauguration euphoria, digital asset merchandise noticed report inflows of $2.2 billion final week.
In accordance with the most recent CoinShares report, this marked the most important weekly inflows of 2025 up to now, pushing year-to-date (YTD) inflows to $2.7 billion.
The spike in exercise has pushed whole belongings beneath administration (AuM) to an all-time excessive of $171 billion.
The surge in inflows has not solely impacted whole belongings beneath administration but additionally international buying and selling volumes.
World buying and selling volumes for exchange-traded merchandise (ETPs) additionally present there’s a rise in curiosity, with $21 billion traded final week.
This accounted for 34% of whole Bitcoin buying and selling volumes on trusted exchanges, displaying a rise in market engagement.
In the case of regional demand, the U.S. dominated inflows, contributing $2 billion of the full.
Switzerland and Canada adopted with inflows of $89 million and $13 million, respectively, displaying international demand for digital belongings, stories CoinShares.
Bitcoin remained the first beneficiary, attracting $1.9 billion in inflows final week, bringing its YTD whole to $2.7 billion.
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