Donald Trump and his wife, who took office as the 47th President of the United States, launched their own memecoins called TRUMP and MELANIA.
While TRUMP and MELANIA were met with great interest in the market, Blockchain analytics firm Chainalysis revealed the interesting fact about memecoin investors.
Blockchain analytics firm Chainalysis has revealed that, according to data, half of the Official Trump (TRUMP) and Melania memecoin holders have never purchased the “Solana altcoin” before.
According to Chainalysis, approximately 46.5% of memecoin investors created their wallets the same day they purchased TRUMP and MELANIA.
Chainalysis found that the majority of wallets holding TRUMP and MELANIA belong to retail investors, with over 80% of addresses holding under $1,000 and 70% holding under $100.
The company also revealed that most wallets holding TRUMP earned less than $100, while around 60 whales earned more than $10 million.
Despite TRUMP’s “terrible” token economics and the fact that 80% of the supply is held by a wallet associated with Trump affiliate CIC Digital, there are no immediate supply concerns, one analyst noted.
*This is not investment advice.
