Chainalysis reports that more than 77% of wallets holding the TRUMP meme coin have made less than $100 in profits

According to data from Chainalysis, most holders of the Official Trump (TRUMP) meme coin are small retail investors with profits of less than $100, while around 60 major holders—referred to as "whales"—have raked in over $10 million each.

Despite the widespread interest in TRUMP, the majority of crypto wallets holding the coin have not seen significant returns. Chainalysis' analysis reveals that over 77% of TRUMP holders have made less than $100 in profit. This trend is mirrored across the TRUMP and MELANIA meme coins, with small investors dominating the market. According to a January 23 X thread from the blockchain forensics firm, more than 80% of holders of either TRUMP or MELANIA have assets worth less than $1,000, primarily on the Solana blockchain.

A closer look at the profit-loss breakdown shows that the vast majority of wallets are either breaking even or earning modest profits. Retail investors, who collectively hold over 600,000 wallets, dominate this segment. In stark contrast, a small number of wallets—around 60—hold the largest profits, with each of these whales having realized gains exceeding $10 million.

Chainalysis further notes that approximately half of TRUMP and MELANIA holders are newcomers to the Solana ecosystem, with nearly 50% of these users having never purchased a Solana altcoin before. Many of these new investors also created their wallets on the same day they bought the tokens, highlighting a surge of interest from first-time Solana users.

The data also reveals that, following the minting of 1 billion TRUMP tokens, the majority of the supply was concentrated in just four wallets, which are either holding large amounts or providing liquidity to exchanges.

Meanwhile, the value of TRUMP dropped significantly to $38.50 on January 21, a 50% decrease from its peak just a few days earlier. This decline brought the meme coin’s market capitalization to around $7.6 billion. According to Nansen, most of the most profitable TRUMP whales have already sold off a significant portion, if not all, of their holdings, securing their profits amidst the price drop.