Most TRUMP Holders Are Retail Investors With Less Than $100 in Profits, While 60 Whales Have Gained Over $10 Million, Chainalysis Says

The majority of crypto wallets holding the Official Trump (TRUMP) meme coin haven't made much money. According to data by Chainalysis, over 77% of them

Most Official Trump (TRUMP) meme coin holders have made less than $100, while 60 crypto whales have gained over $10 million each, according to a new analysis.

The majority of crypto wallets that hold TRUMP haven't made much money, with over 77% of them earning less than $100, data analysis firm Chainalysis revealed in an X thread on Jan. 23. In the meantime, a small group of large crypto whales have made massive gains from the meme coin.

"Over 80% of $TRUMP and/or $MELANIA holders are investors who hold less than $1k worth of assets on Solana," Chainalysis noted, adding that “wallets that hold over $100k are also more likely to hold $TRUMP and/or $MELANIA.”

A detailed breakdown of the profits shows that the majority of wallets are hovering around breakeven or earning less than $100. These small-time retail investors dominate the market, with over 600,000 wallets falling in this bracket. On the other hand, only a handful of wallets — around 60 — hold the largest profits, surpassing $10 million in realized gains.

"Most wallets that hold $TRUMP and/or $MELANIA hold less than $100 worth, suggesting retail buying activity. But there are also several wallets holding upwards of $100M," Chainalysis said.

Approximately half of the holders of TRUMP and MELANIA meme coins are new to the Solana ecosystem, the firm noted, adding that nearly 50% of these new holders "have never bought a Solana altcoin before." Additionally, a big number of these holders created their wallets on the same day that they purchased the tokens, the data showed.

After minting 1 billion TRUMP meme coins, most of the supply went to just four wallets to hold or provide liquidity to exchanges, the analysis revealed.

Meanwhile, the price of TRUMP dropped to $38.50 on Tuesday, Jan. 21, down by about 50% from its peak on Sunday, bringing the meme coin’s market valuation to approximately $7.6 billion.

According to data compiled by Nansen, the most profitable TRUMP whales have sold most or all of their holdings to take profits.