Trump Coin News: Crypto Whales Dominate Trump Family Tokens, Chainalysis Report

The recently launched Official Trump (TRUMP) tokens have seen overwhelming concentration in the hands of a few crypto whales, according to a Chainalysis report. The blockchain analytics firm revealed that approximately 94% of the total token supply is held by just 40 wallets, each holding over $10 million worth of either token.Key Findings from Chainalysis:Concentration of Wealth:94% of TRUMP tokens are held by 40 wallets.Wallets holding between $1 million and $10 million represent only 2.1% of total holders.Wallets with holdings between $100,000 and $1 million account for just 1.7% of holders.Around 2.2% of holders own less than $100,000 worth of these tokens.Despite this significant concentration of wealth, the Trump family members have attracted a surge of new crypto users, with nearly 50% of buyers creating wallets on the same day they purchased the tokens, according to Chainalysis.Profitability OverviewChainalysis further revealed that:77% of TRUMP token holders have earned less than $100,Meanwhile, 60 crypto whales have secured profits exceeding $10 million,Few holders have experienced losses exceeding $100,000, with most small-scale investors breaking even.Market Impact and SpeculationThe presence of concentrated holdings among a small group of whales has raised concerns over potential price manipulation and liquidity risks. However, the influx of new crypto participants signals growing mainstream interest in politically themed meme coins, driven by the Trump family's involvement.