Chainalysis: Over 77% of wallets that hold TRUMP meme coin earned less than $100

Most TRUMP holders are retail investors with less than $100 in profits, while 60 whales have gained over $10 million, according to Chainalysis.

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 have earned less than $100, while whales have pocketed over $10 million each.

In an X thread on Jan. 23, the New York-headquartered blockchain forensic firm revealed that TRUMP and MELANIA ( MELANIA ) meme coins are mostly popular with small-time investors. “Over 80% of $TRUMP and/or $MELANIA holders are investors who hold less than $1k worth of assets on Solana,” the firm says.

A detailed profit-loss breakdown shows the majority of wallets hovering around breakeven or earning less than $100. These 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

Approximately half of the holders of TRUMP and MELANIA meme coins are new to the Solana ecosystem, the firm notes, 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 they purchased the tokens, the data shows.

The analyst also pointed out that after minting 1 billion TRUMP meme coins, most of the supply went to just four wallets to hold or provide liquidity to exchanges.

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. Data compiled by Nansen reveals that the most profitable TRUMP whales have sold most or all of their holdings to take profits.