It was recently revealed that 94% of the TRUMP and Melania memecoins are concentrated in around 40 cryptoasset wallets, each with more than $10 million in one of these tokens, according to a report published by Chainalysis. It highlights that at least 11 of these wallets hold more than $100 million in these tokens, each.
The report also notes that wallets with values between $1 million and $10 million hold 2.1% of the tokens. Addresses holding between $100,000 and $1 million, meanwhile, account for just 1.7%.
Wallets with more than $10 million hold 94% of the tokens, while wallets with values between $1 million and $10 million hold 2.1%. Source: Chainalysis.
According to DexScreener, TRUMP has been purchased by 790,000 wallets, while MELANIA has reached 343,000 . Although the largest concentration of both cryptoassets is in the hands of whales, Chainalysis highlights that both launches have managed to attract a large number of new users to the world of cryptocurrencies. The company notes that almost half of the buyers created their wallets on the same day they acquired the tokens.
It is worth noting that, according to the MELANIA website, 35% of the tokens were allocated to its team, 20% to the treasury, 15% to the public, and finally, the remaining 10% was reserved for liquidity. However, the Bubblemaps platform denied this distribution on the X social network, pointing out that onchain data shows that almost 90% of the MELANIA supply is concentrated in a single wallet, which contradicts the supposedly more diversified allocation.
Chainalysis highlights that over 70% of wallets holding TRUMP have gained less than $100, while 50-60 whales have made profits of over $10 million . The company also notes that only a small percentage have lost between $10,000 and $100,000.
Around 30 whales hold more than $10 million in tokens, another 11 hold more than $100 million. Source: Chainalysis.
Since its launch on January 17, the TRUMP memecoin has sparked intense debates in various internet circles, attracting the attention of public figures related to the space. Among them, Robert Kiyosaki, author of the bestseller Rich Dad, Poor Dad, took to social network X to refer to the cryptocurrency inspired by the president and reaffirm his conviction that he prefers to invest in gold, silver and bitcoin, rather than in speculative assets.
Despite Kiyosaki's opinion, the memecoin phenomenon is not exactly going through a bad moment. According to analysts, there are currently 34 cryptocurrency ETF applications under review by the SEC, many of them on memecoins such as TRUMP, BONK and DOGE.
Last week, amid expectations surrounding Donald Trump's inauguration, digital asset-based products enjoyed record inflows of $2.2 billion, marking, according to a report by CoinShares, the largest weekly inflows of 2025 to date. However, much of the excitement among Bitcoiners was dashed when the president failed to mention the leading cryptocurrency in his inaugural address.
Although bitcoin doesn't seem like a priority for Trump right now, that doesn't mean the president isn't interested in fulfilling his campaign promises. The president promised to pardon Ross Ulbricht and did so, so we'll have to keep an eye out for future developments related to the space.
