- Chainalysis reveals that 77% of TRUMP coin holders have earned under $100, while 60 whales have pocketed over $10M each.
- About 80% of TRUMP and MELANIA coin holders have under $1,000 in Solana assets, with half being new to the ecosystem.
- Despite recent price drops and whale profits, TRUMP continues to attract both retail and institutional interest in the market.
A recent research by Chainalysis has established that retail buyers and large investors in the TRUMP meme coin market are not the same. Even though a majority of the people who hold the token have not been able to make a profit, there are some big investors who have been able to liquidate millions of dollars in profit.
As of January 23, most, 77.1%, of the TRUMP coin wallets have earned less than $100; 600,400 wallets are in this bracket. The fact that these wallets are dominated by retail investors means that they make up a large percentage of the market while at the same, they have not been very financially rewarding. However, about 60 wallets generate most of the profits, and each of these is worth more than $10 million in realized gains.
TRUMP’s Supply Concentration
The Chainalysis report has also noted that TRUMP and the sister coin MELANIA are particularly beloved by average investors. About 80% of holders have less than $1,000 of assets in Solana, the blockchain behind TRUMP. The report also highlighted that about half of these investors are relatively new to Solana ecosystem. Most of the buyers had not previously invest in Solana-based altcoins, and a significant number of them opened their wallets on the same day they bought tokens.
This analysis also revealed another interesting fact: the TRUMP supply was indeed quite localized. The team behind the coin minted 1 billion of them, and the majority of the tokens were distributed to just four wallets. These wallets are either holding the tokens or providing liquidity on exchanges which in turn adds more power and control into the hands of few investors.
Whales Cash Out TRUMP Profit
The value of TRUMP has of recently dipped considerably. On January 21st, the price fell to $38.50, this being a 50% drop compared to the price of the stock only a few days ago. As a result, the market capitalization of the meme coin has dropped significantly to around $7.6 billion.
According to Nansen, some of the most profitable whales have already started withdrawing their funds. Some of these large investors have offloaded a big chunk of their holdings if not all in order to take their profits. This has put additional bearish pressure on the coin’s price.
Source: Nansen
Even with these factors, the TRUMP meme coin still receives a lot of attention from the retail as well as institutional investors. However, the high dispersion of profits among the top whales is worrisome for the equity of the market. While the general investors have failed to seize on the rising price of the coin, the whales have made a lot of profit. TRUMP has been trading in the market and its future is still unknown; therefore, investors should be very careful.
