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Whales Won at TRUMP and MELANIA: $10 Million Profits Revealed! - Coin Bulletin
On-chain data published by Chainalysis reveals that the majority of the market is controlled by whales in $TRUMP and $MELANIA tokens.
During the initial release of 1 billion $TRUMP tokens, most of them were transferred to only four major wallets. These wallets were used to provide liquidity for the tokens or to hold them directly.
Today, $TRUMP and $MELANIA's assets, which account for 94% of their total, are stored in approximately forty wallets with a value of over 10 million dollars. According to the data on the blockchain, around fifty whales have made profits exceeding 10 million dollars per person through $TRUMP. This situation highlights the dominant role of large investors in these token markets.
In contrast, the impact of retail investors on the token is much more limited. Most investors hold $TRUMP or $MELANIA under 100 dollars. A significant portion of these investors have not previously purchased any altcoins on the Solana network and created their wallets on the day they bought the tokens. Data shows that these tokens are particularly popular among new investors.
From a profit-loss perspective, it appears that 77% of holding wallets for $TRUMP have earned less than $100. However, big whales continue to make significant gains from price fluctuations in the market. This concentration shows that $TRUMP and $MELANIA tokens have become quite sensitive to the moves of large investors.
The dominant role of whales in the market overshadows the increasing interest among retail investors. In particular, the popularity of these tokens could cause significant fluctuations in the market. However, current data clearly shows that control is entirely in the hands of large investors.