Crypto whales dominate holdings of Trump family tokens: Chainalysis
Chainalysis said around 94% of the TRUMP and MELANIA tokens are held by around 40 wallets that each hold over $10 million worth.
The US president and first lady’s recently launched memecoins are mostly held by just 40 crypto whales who have $10 million or more in either of the tokens, according to a blockchain analytics firm.
The crypto whales “dominate” token holdings for Donald Trump’s Official Trump (TRUMP) token or wife Melania’s Melania Meme (MELANIA) token, making up for 94% of the combined token share, Chainalysis said in a Jan. 22 X post.
Those holding $1 million to $10 million worth of either token only make up 2.1% of total holders, while wallets holding between $100,000 to $1 million made up 1.7%, it added.
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Author: Brayden Lindrea
