The post Crypto Whales Control 94% of Trump Family Tokens, Chainalysis Reports appeared on BitcoinEthereumNews.com.

Over 77% of TRUMP meme coin holders have earned less than $100. Around 60 wallets of the TRUMP coin have gained over $10 million in profits. Most holders of the TRUMP and MELANIA  meme coin have seen limited financial gains. According to a Chainalysis report, more than 77% of the wallets holding the crypto asset have not made more than $100 in profits. According to Chainalysis, 40 addresses that have more than $10 million worth of tokens control 94% of the entire token supply. Individual investors make up the largest part of the TRUMP market, with over 600,000 wallets in this low-margin segment. Relatively small shareholders own the majority of TRUMP and MELANIA tokens, as most of them moderate their holdings at around 10 tokens. Of the total reported addresses, only 2.1% have between $1 million and $10 million, while 1.7% have between $100,000 and $1 million. The remaining 2.2% of holders own even smaller quantities than the top-tier investors. On the other hand, only a few whales have benefited greatly. About 60 wallets have received more than $10 million each, which shows that the income is not distributed evenly across the market. As revealed by Chainalysis, the majority of the TRUMP tokens were held in only four wallets immediately after the minting process. These wallets were used to store huge amounts or to give liquidity to exchanges. This consolidation shows that a few investors can dictate the market direction of cryptocurrency. 2/8 🔎Chainalysis Reactor shows that after 1B $TRUMP tokens were minted, 4 wallets received most of the funds to hold or provide liquidity to exchanges. pic.twitter.com/S05yPDj41J — Chainalysis (@chainalysis) January 23, 2025 Bubblemaps, a blockchain platform, has revealed that the MELANIA token was not distributed properly. According to the website, 35% of tokens are attributed to the team,…

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Filed under: News - @ January 24, 2025 1:28 pm