Crypto whales dominate holdings of Trump family tokens: Chainalysis
Chainalysis reports that approximately 94% of the Official Trump (TRUMP) and Melania (MELANIA) tokens are controlled by around 40 crypto whales, each holding over $10 million worth of these tokens. This significant concentration indicates that only a small percentage of holders possess more modest amounts, with 2.1% holding between $1 million and $10 million, and 1.7% holding between $100,000 and $1 million. About 2.2% of token owners hold less than $100,000. Despite this heavy whale dominance, nearly half of the buyers reportedly created their wallets on the same day they purchased the tokens. The teams for the TRUMP and MELANIA tokens state that their distribution aligns with typical token allocation strategies, with significant portions set aside for team, community, treasury, and liquidity. A notable trend is that 77% of holders have seen gains of less than $100, although sixty whales have profited by over $10 million. The report also notes that only a few holders have incurred losses exceeding $100,000.
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