Over 77% of wallets that hold TRUMP meme coin earned less than $100

Most TRUMP holders are retail investors with less than $100 in profits, while 60 whales have made more than $10 million, according to Chainalysis.

The majority of crypto wallets holding the official Trump (ASSET) same coin didn’t bring in a lot of money. According to Chainalysis data, more than 77% of them made less than $100, while the whales took home more than $10 million each.

In a wire On January 23, the New York-based blockchain forensics company revealed that TRUMP and MELANIA (MELANIE) Meme coins are mostly popular with small investors. “More than 80% of $TRUMP and/or $MELANIA holders are investors who hold less than $1,000 in assets in Solana,” the company says.

A detailed breakdown of profits and losses shows that the majority of portfolios are around break-even or earning less than $100. These retail investors dominate the market, with more than 600,000 portfolios falling into this bracket. On the other hand, only a handful of portfolios – around 60 – hold the largest profits, exceeding $10 million in realized gains.

“[…] Most wallets containing $TRUMP and/or $MELANIA are valued below $100, suggesting retail purchasing activity. But there are also several wallets containing more than $100 million.

On-Chain Analysis

About half of TRUMP and MELANIA meme coin holders are new to the world. Solana ecosystem, the company notes, adding that nearly 50% of these new holders “have never purchased a Solana altcoin before.” Additionally, many of these holders created their wallets the same day they purchased the tokens, according to the data.

The analyst also pointed out that after minting 1 billion TRUMP meme coins, most of the supply went to just four wallets to hold or provide liquidity to exchanges.

Meanwhile, TRUMP’s price fell to $38.50 on Tuesday, January 21, down about 50% from its high on Sunday, bringing the meme coin’s market valuation to about $7.6 billion. dollars. Data compiled by Nansen revealed that the most profitable TRUMP whales sold most or all of their holdings to make a profit.