"OfficialTrump·Melania, Whales Hold 94% Monopoly"

Source
JOON HYOUNG LEE

Summary

  • It is reported that cryptocurrency whales hold 94% of the supply of OfficialTrump and Melania.
  • Chainalysis revealed that these whales hold at least $10 million in their wallets.
  • DEX analysis indicated that general investors account for only about 2.2% of all holders.

Cryptocurrency whales (large investors) are found to hold over 90% of the circulating supply of OfficialTrump (TRUMP) and Melania (MELANIA).

According to cryptocurrency analysis firm Chainalysis on the 23rd, as of the previous day (22nd), 94% of the circulating supply of OfficialTrump and Melania is held by about 40 investors. These investors are all whales holding more than $10 million in their wallets. OfficialTrump and Melania are meme coins associated with the family of Donald Trump, the President of the United States.

Among the investors of OfficialTrump and Melania, only about 2.2% are general investors holding less than $100,000 in their wallets. According to DEX analysis platform DEX Screener, there are 790,000 wallets holding OfficialTrump and 340,000 holding Melania.

It is estimated that 8 out of 10 (77%) OfficialTrump investors have made profits of less than $100. About 60 whales who invested in OfficialTrump have made profits exceeding $10 million. Chainalysis stated, "The proportion of investors in OfficialTrump who have incurred losses over $10,000 is extremely low," and "There appear to be almost no investors who have incurred losses over $100,000."

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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