The rise of the TRUMP and MELANIA meme coins has generated significant interest in the cryptocurrency community, with recent data shedding light on their distribution and market dynamics. While the tokens have attracted many new users, a small group of whales dominates the market, raising concerns about decentralization and equity in the ecosystem.
- New Wallet Dominance:
- 50% of TRUMP token holders were new to Solana, indicating a significant influx of first-time users into the blockchain ecosystem.
- Almost 46.5% of wallets holding TRUMP and MELANIA tokens were created on the same day the tokens were purchased, highlighting the memecoins’ rapid adoption among retail investors.
- Low Earnings for Most Holders:
- 77% of TRUMP memecoin holders earned less than $100, underlining the disparity in profits within the ecosystem. This data suggests that most retail investors failed to capitalize on the speculative hype surrounding the tokens.
- Whale Control:
- 40 whales collectively hold 94% of the TRUMP and MELANIA tokens, showcasing a highly centralized distribution.
- 60 whales profited over $10 million each, demonstrating the disproportionate gains by a small group of investors, likely due to early access and large-scale trading.
The centralization of TRUMP and MELANIA tokens raises concerns about fairness in the memecoin ecosystem. While the hype attracted many new users to Solana, the uneven distribution of profits could deter long-term adoption and trust. The dominance of a small number of whales also exposes the tokens to potential market manipulation.
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