Chainalysis reported that approximately 94% of Donald Trump and Melania Trump’s newly launched memecoins, TRUMP and MELANIA, are held by about 40 wealthy crypto wallets, each holding over $10 million in these tokens. The analysis showed that holders with investments between $1 million to $10 million represent only 2.1% of total holders, while those holding between $100,000 and $1 million account for 1.7%. In contrast, 2.2% of token owners have less than $100,000. While the concentration among these crypto whales is evident, nearly half of the buyers created wallets on the same day they purchased the tokens. Chainalysis also indicated that 77% of TRUMP and MELANIA holders have made less than $100 in profits, yet around 60 whales have earned over $10 million. The distribution mechanisms stated by the teams touting these tokens appear inconsistent with on-chain data, as some reports indicated nearly 90% of the MELANIA token was held in a single wallet.

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