Whale controls Trump family's tokens: Chainalysis

According to the report, cryptocurrency whales are 'dominating' the token holdings of two newly released Trump family tokens, Official Trump (TRUMP) and Melania Meme (MELANIA). On X, Chainalysis, an analysis and intelligence platform on the Solana blockchain, revealed that nearly 94% of the token supply of TRUMP and MELANIA is held by 40 wallets, with each wallet holding over 10 million dollars.

Only 2.2% of people hold Trump tokens with an investment of less than $100,000 The remainder of the distribution of token holders TRUMP and MELANIA creates a stark contrast: whales holding from 1 million to 10 million dollars account for only 2.1% of the investors in both tokens, according to Chainalysis X. Meanwhile, wallets investing from 100,000 to 1 million dollars make up 1.7% of meme coin holders. Wallets holding less than 100,000 dollars only account for 2.2% of the cryptocurrency supply. Data from DexScreener, a data source for decentralized applications and cryptocurrency tokens, shows that the TRUMP token has attracted 790,000 wallets, while the MELANIA token has been allocated to 343,000 wallets. Despite having a large number of holders, the dominance of whales explains the limited accessibility of the token for regular cryptocurrency enthusiasts. The interesting thing is that these meme coins seem to have attracted a lot of attention among new investors. Chainalysis has found that about half of the investors in these tokens set up new wallets on the same day they bought the tokens, indicating that the Trump family's meme coins may have attracted a new wave of investors. However, the long-term impact and sustainability of these newly launched political meme coins are still unknown. The groups behind the meme coins TRUMP and MELANIA, both of which were launched over the weekend, claimed that the token distribution for the meme coins adheres to common standards. According to project developers, 35% of the token supply has been allocated to the team, 20% of the supply of each cryptocurrency has been allocated to the treasury and community, 15% for public sale, and 10% for liquidity. However, the blockchain analysis platform Bubblemaps has stated otherwise in a post X days ago, pointing out that about 90% of the token supply MELANIA is stored in a single wallet. This contradicts the statement of the meme coin group. Meanwhile, most TRUMP token holders have made moderate profits, and a few have even witnessed remarkable increases. Chainalysis claims that 77% of holders earned less than $100. On the other hand, 60 whales earned nearly $10 million. Some holders also suffered significant losses due to sudden pumps and dumps, and very few suffered losses ranging from $10,000 to $100,000.