TRUMP, MELANIA Memecoins Delivered Big Wins for a Few, Small Returns for Many.

TRUMP Memecoin Profits Favor Whales While Majority of Holders See Minimal Gains

Donald Trump’s official memecoin has created a stark wealth divide, benefiting a few influential holders while providing modest or no profits for most retail participants, as revealed by Chainalysis.

A small group of approximately 60 whales—wallets with significant holdings—have each realized over $10 million in profits. In contrast, 77% of TRUMP holders have earned less than $100, and over 80% of all holders of TRUMP and MELANIA tokens hold portfolios valued below $1,000 in Solana-based assets.

“Liquidity and token allocation were concentrated among just four wallets after the minting of 1 billion TRUMP tokens,” Chainalysis stated. “Retail traders dominate by sheer numbers, but whales control the vast majority of the supply, capturing the bulk of the gains.”

Notably, around 50% of TRUMP token holders appear to be first-time Solana users, suggesting the memecoin’s launch has introduced new participants to the ecosystem. However, 94% of the tokens remain concentrated in the hands of whales holding $10 million or more.

While the memecoin generated explosive early momentum, with prices jumping from a few cents to $14 within hours and $3 billion in trading volume, the initial hype has cooled. As of Thursday, TRUMP has dropped 7%, and MELANIA has fallen 10%, signaling fading excitement.

Despite its polarizing distribution of wealth, TRUMP’s debut marked a major influx of activity in the Solana ecosystem, attracting both veteran traders and newcomers. The long-term impact of this experiment in memecoin economics remains to be seen.