Nearly 46,000 Bitcoin Millionaire Wallets Wiped Out as Crypto Market Plunges 10%

In a stark reminder that even a pro-crypto White House cannot shield digital assets from market gravity, nearly 46,000 Bitcoin millionaire wallets vanished during the first 500 days of the Trump administration, data reveals. Despite President Donald Trump’s self-proclaimed title as America’s most crypto-friendly president, the brutal correction wiped out a whopping 10% of millionaire-level BTC addresses—exposing the harsh reality that bullish political tailwinds are no match for the ruthless laws of supply, demand, and volatility. The collapse comes as a jarring counterpoint to the euphoric rally that followed Trump’s election victory, proving that in the world of bitcoin, the market always has the final say.

In brief

• A study reveals the disappearance of nearly 46,000 Bitcoin millionaire addresses since Donald Trump’s election.
• The wealthiest wallets were also affected, despite a political environment presented as favorable to cryptos.
• The drop in the number of millionaires does not necessarily reflect massive sales but rather the evolution of Bitcoin’s price.
• This trend highlights the gap between market expectations and the reality of an asset still subject to strong volatility.

Nearly 46,000 millionaire addresses wiped off the map

The first 500 days of Donald Trump at the White House saw nearly 46,000 Bitcoin addresses holding the equivalent of at least one million dollars disappear, while the flagship crypto has just fallen to $61,322. The study indicates that the total number of millionaire addresses dropped from 176,364 to 130,320 over the observed period.

Here are the main figures highlighted :

• 46,044 Bitcoin millionaire addresses disappeared ;
• Addresses holding more than $10 million in BTC dropped from 18,801 to 14,755 ;
• The data is based on the dollar value of the holdings.

A Bitcoin address does not necessarily correspond to a single investor. Indeed, one person may control multiple addresses, while some belong to exchanges or institutional players. Despite this limitation, the evolution in the number of millionaire addresses remains a widely followed indicator to measure the effects of bitcoin price fluctuations on the wealth present in the ecosystem.

The paradox of a pro-crypto term confronted with market realities

This contraction in the number of millionaire addresses appears all the more remarkable since Donald Trump has multiplied favorable signals for the crypto industry since his return to power. The study reveals the gap between the enthusiasm that followed his election and the effective evolution of the market in the following months.

The disappearance of thousands of millionaire addresses does not necessarily reflect massive sales or investors exiting the market. In many cases, a simple drop in bitcoin’s price is enough to push a wallet below the symbolic one million dollar threshold.

This phenomenon is largely linked to market fluctuations and the macroeconomic context. The concerned addresses have not necessarily lost their bitcoins, as their valuation in dollars has simply evolved according to market corrections. This mechanism explains why statistics related to bitcoin millionaires can vary strongly over relatively short periods, depending on price movements.

This study reminds us of the deeply cyclical nature of the crypto market. Millionaire addresses appear and disappear with bull and bear phases, often without major changes in held positions. The figure thus illustrates less a flight of investors than an immutable reality of bitcoin. In this ecosystem, wealth is measured above all by volatility. The coming months will tell if the market can recreate these tens of thousands of millionaires as quickly as it saw them disappear.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.