According to a new blockchain study, a tiny number of rich investors controls the vast bulk of the Trump family’s recently released currencies, TRUMP and MELANIA. These influential individuals, known as “crypto whales,” control an amazing 94% of the token supply.
According to data from a popular blockchain analytics company, only 40 wallets possess more than $10 million in Solana-based tokens.
Smaller investors, on the other hand, account for a modest percentage of shares. Wallets with investments ranging from $1 million to $10 million account for only 2.1% of holders, while those with holdings between $100,000 and $1 million make up 1.7%. The remaining 2.2% of wallets have less than $100,000 worth of tokens
Despite this concentration, blockchain data show that about 790,000 wallets have acquired the TRUMP token, while 343,000 wallets possess the MELANIA token. Interestingly, these tokens have sparked tremendous interest among first-time investors, with over half of buyers creating wallets on the same day they made their purchases.
The distribution of these tokens has been a source of dispute. The TRUMP and MELANIA token teams state that the allocation follows normal norms, with 35% set out for the development team, 20% for treasury and community, 15% for public sales, and 10% for liquidity.
However, a rival blockchain analytics platform found anomalies, pointing out that around 90% of the MELANIA token supply is kept in a single wallet, raising concerns about transparency. While some investors have profited, the majority have made very minor gains. According to reports, 77% of TRUMP token holders have earned less than $100. On the other side, approximately 60 whales have generated substantial gains, with each earning more than $10 million.
A small number of investors suffered significant losses ranging from $10,000 to $100,000.The introduction of these tokens has surely sparked interest in the cryptocurrency world, particularly among new users. But because of the small number of people who own these political meme tokens and the ongoing concerns about how they are distributed, it is not clear that they will be profitable or last for a long time.
