94% Of Trump And Melania Tokens Are Held By Only 40 Wallets!

The $TRUMP and $MELANIA tokens, launched by Donald and Melania Trump, are primarily held by crypto whales. A recent analysis reveals that 94% of these tokens are concentrated in only 40 wallets, raising questions about fairness and the distribution of these digital assets.

Crypto whales dominate Trump tokens

The TRUMP and MELANIA tokens, launched just days before the inauguration of current U.S. President Donald Trump, have garnered significant attention in the crypto world. However, a concentration of wealth raises questions about the fair distribution and accessibility of these tokens for ordinary investors.

Indeed, Chainalysis revealed that wallets holding between $1 million and $10 million of these tokens represent only 2.1% of total holders, while those possessing between $100,000 and $1 million make up just 1.7%. In contrast, 2.2% of TRUMP and MELANIA token holders own less than $100,000 in value of these tokens.

Furthermore, data from DexScreener shows that 790,000 wallets hold the TRUMP token, while 343,000 own the MELANIA token. Bubblemaps contests this distribution, claiming that 90% of MELANIA tokens are held in a single crypto wallet, raising doubts about a possible Rug Pull of the Melania memecoin.

Consequences for Investors

This concentration of wealth in the hands of whales can be disastrous. It could lead to market manipulation, increased volatility, and a loss of trust among small crypto investors. Additionally, it limits accessibility and fairness, making it difficult for newcomers to participate meaningfully in the $Trump and $Melania token markets.

Although the Trump and Melania memecoins have managed to attract many new investors, the concentration of wealth in the hands of a few crypto whales raises concerns about fairness and the distribution of these digital assets. It remains to be seen how this dynamic will evolve as the cryptocurrency market continues to develop and mature.