Blockchain analytics firm Chainalysis revealed that the majority of holdings for Donald Trump’s Official Trump (TRUMP) token and Melania Trump’s Melania Meme (MELANIA) token are concentrated in the hands of just 40 crypto whales.
These whales, who each hold $10 million or more in the tokens, account for 94% of the combined token supply, according to a report published on January 22.
Chainalysis further noted that smaller holders make up a negligible portion of the market.
Mid-Tier Investors Hold Less Than 4% of Trump Family Meme Coins
Wallets holding between $1 million and $10 million worth of the tokens represent only 2.1%, while those with holdings valued between $100,000 and $1 million account for just 1.7%.
Meanwhile, 2.2% of token holders possess less than $100,000 worth of either token.
Despite the whale dominance, the memecoin launches reportedly brought a wave of new users to the crypto space.
Nearly half of the buyers created wallets on the same day they purchased TRUMP or MELANIA tokens, indicating the tokens’ appeal to first-time crypto investors.
DexScreener data shows that TRUMP has been acquired by 790,000 wallets, while MELANIA is held by 343,000 wallets.
However, blockchain analytics platform Bubblemaps challenged claims regarding MELANIA’s distribution.
According to their findings, nearly 90% of MELANIA’s supply is held in a single wallet, contradicting the project’s website, which outlines a more distributed allocation.
Chainalysis also revealed that while 77% of TRUMP tokenholders have made less than $100, over 60 whales have profited more than $10 million.
Conversely, only a small number of holders have incurred significant losses, with few losing between $10,000 and $100,000, and even fewer exceeding losses of $100,000.
The concentration of token ownership among whales raises questions about the distribution practices of these meme coins and their appeal to retail investors.
Trump Frenzy Triggers Inflows of $2.2B into Digital Asset Products
Triggered by the Trump inauguration euphoria, digital asset products saw record inflows of $2.2 billion last week.
According to the latest CoinShares report, this marked the largest weekly inflows of 2025 so far, pushing year-to-date (YTD) inflows to $2.7 billion.
The spike in activity has pushed total assets under management (AuM) to an all-time high of $171 billion.
The surge in inflows has not only impacted total assets under management but also global trading volumes.
Global trading volumes for exchange-traded products (ETPs) also show there is a rise in interest, with $21 billion traded last week.
This accounted for 34% of total Bitcoin trading volumes on trusted exchanges, showing an increase in market engagement.
When it comes to regional demand, the U.S. dominated inflows, contributing $2 billion of the total.
Switzerland and Canada followed with inflows of $89 million and $13 million, respectively, showing global demand for digital assets, reports CoinShares.
Bitcoin remained the primary beneficiary, attracting $1.9 billion in inflows last week, bringing its YTD total to $2.7 billion.
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