Thu 23 Jan 2025 ▪
3
min reading ▪ by
Eddy S.
The $TRUMP and $MELANIA tokens, launched by Donald and Melania Trump, are primarily held by crypto whales. A recent analysis reveals that 94% of these tokens are concentrated in just 40 wallets, raising questions about the fairness and distribution of these digital assets.
Crypto Whales Dominate Trump Tokens
The TRUMP and MELANIA tokens, launched days before the inauguration of current US President Donald Trump, have attracted considerable attention in the crypto world. However, a concentration of wealth raises questions about the fair distribution and accessibility of these tokens for ordinary investors.
Indeed, Chainalysis revealed that wallets holding between $1 million and $10 million of these tokens represent only 2.1% of total holders, while those holding between $100,000 and $1 million constitute only 1.7%. %. In contrast, 2.2% of TRUMP and MELANIA token holders own less than $100,000 in value of these tokens.
Furthermore, DexScreener data shows that 790,000 wallets hold the TRUMP token, while 343,000 own the MELANIA token. Bubblemaps disputes this distribution, claiming that 90% of MELANIA tokens are held in a single crypto wallet, raising doubts about a possible Rug Pull of the Melania memecoin.
The consequences for investors
This concentration of wealth in the hands of whales can be disastrous. Because it could lead to market manipulation, increased volatility and a loss of confidence among small crypto investors. Additionally, it limits accessibility and fairness, making it difficult for new entrants to meaningfully participate in the $Trump and $Melania token market.
Although the Trump and Melania memecoins have managed to attract many new investors, the concentration of wealth in the hands of a few crypto whales raises concerns about the fairness and distribution of these digital assets. It remains to be seen how this dynamic will evolve as the cryptocurrency market continues to grow and mature.
-Maximize your Cointribune experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.
