Crypto Whales Dominate Trump Family Meme Coins
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Blockchain analytics firm Chainalysis has reported that the majority of holdings for Donald Trump’s Official Trump (TRUMP) token and Melania Trump’s Melania Meme (MELANIA) token are concentrated in the hands of just 40 crypto whales. These whales, each holding $10 million or more in the tokens, account for 94% of the combined token supply. Smaller holders make up a negligible portion of the market, with mid-tier investors holding less than 4% of the tokens. Wallets holding between $1 million and $10 million represent only 2.1%, while those with holdings valued between $100,000 and $1 million account for just 1.7%. Additionally, 2.2% of token holders possess less than $100,000 worth of either token.
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