Chainalysis: Who is holding TRUMP tokens?

While most wallets holding $TRUMP are retail buyers who are roughly breaking even, ~50 whales have realized over $10M in profits at the wallet level. What else can we learn by analyzing $TRUMP and $MELANIA on-chain?

Chainalysis Reactor shows that after 1 billion $TRUMP tokens were minted, 4 wallets received most of the funds to hold or provide liquidity to exchanges.

As of yesterday, most wallets holding $TRUMP and/or $MELANIA had less than $100 worth of tokens, indicating retail buying activity. However, there are a few wallets holding over $100 million.

Further indicating retail popularity, over 80% of $TRUMP and/or $MELANIA holders are investors holding less than $1,000 worth of assets on Solana.

These are primarily new retail buyers. About 50% of $TRUMP and/or $MELANIA token holders have never purchased Solana altcoins (tokens on the Solana blockchain, excluding $SOL and stablecoins). Nearly half of the buyers created their wallets the same day they purchased the tokens.

In terms of profits, as of January 21, over 77% of wallets holding $TRUMP made less than $100, but 60 whales made over $10 million.

Whales dominate - As of yesterday, approximately 40 whales hold more than $10 million in $TRUMP/$MELANIA tokens, accounting for 94% of $TRUMP or $MELANIA token holdings.