Recent data from blockchain analytics indicate that the newly launched memecoins from the U.S. president and first lady are predominantly held by a select group of crypto investors, often referred to as “whales.” These individuals possess $10 million or more in holdings for either the Donald Trump Official Trump (TRUMP) token or Melania Trump’s Melania Meme (MELANIA) token. This group makes up a staggering 94% of the combined token holdings.
Analysis further reveals that only a tiny fraction of holders possess significant amounts of these tokens. Those with $1 million to $10 million account for merely 2.1% of total owners, while wallets containing between $100,000 and $1 million represent just 1.7%. There is also a small portion — around 2.2% — of owners who hold less than $100,000. As per recent data, approximately 790,000 wallets are associated with the TRUMP coin, in contrast to 343,000 that hold the MELANIA coin.
Despite this heavy concentration of wealth among top investors, the launches of these memecoins have sparked interest in the cryptocurrency market, bringing in a substantial number of new users. Many of these new buyers set up their wallets on the same day they acquired the tokens.
The teams behind the TRUMP and MELANIA tokens have defended their distribution strategies, asserting that their allocation processes are akin to standard practices in the crypto space. The MELANIA token’s official site indicates that 35% of its tokens were allocated to the development team, alongside 20% for treasury and community initiatives, and 15% for public sale, with the remaining 10% reserved for liquidity.
However, further scrutiny by a blockchain analytics platform points out discrepancies between the stated token distribution and on-chain data. Initially, it was reported that nearly 90% of the MELANIA token’s supply was concentrated in a single wallet. On a wider scale, most holders of the TRUMP token have shown minimal financial loss, with a significant number reportedly breaking even or making small gains.
