Chain evaluation: 77% of Trump memecoin holders earned lower than $100

• A number of wallets maintain greater than $100 million price of Trump and Melania memecoins
• About 60 wallets maintain the most important income, which vary between $1 million to $10 million
• 80% of Trump and Melanie holders are traders with property price lower than $1,000 per Solana

Most crypto wallets holding Trump or Melania memecoins made little or no cash, indicating retail shopping for exercise.

That is based on information from Chainalysis, a blockchain forensics firm. In a submit on X, she addressed traders buying and selling Trump and Melania memecoins following their launch forward of President Donald Trump's inauguration on Monday.

It discovered that 77% of wallets made lower than $100; nevertheless, a number of wallets maintain greater than $100 million. A breakdown of the findings reveals that greater than 600,000 wallets that break even or earn lower than $100 fall into this proportion group.

A small quantity, roughly 60 wallets, maintain the biggest income, reaching between $1 million and $10 million.

6/8 On the subject of income, over 77% of wallets maintain $TRUMP as of January 21, it had earned < 100 USD, ale 60 velryb vydělalo > 10 million USD. It's nonetheless early, and that is it #non-investment consulting pic.twitter.com/5ZFZW1hE3V

— Chainalysis (@chainalysis) January 23, 2025

New retail traders

Those that spend money on these memecoins are thought of new retail traders, based on Chainalysis.

When he regarded on the findings, he mentioned:

“Additional indicative of retail recognition, over 80% of $TRUMP and/or $MELANIA holders are traders who maintain lower than $1,000 price of property on Solana.”

Moreover, 50% of Trump and Melania token holders have by no means bought the Solana altcoin, including that “almost half of consumers created their wallets the day they bought the tokens.”

Nonetheless, many have criticized Trump's memecoin, saying that he’s solely doing it to extend his private wealth. In line with billionaire businessman Mark Cuban, “it's solely a matter of time earlier than lots of people lose cash on this,” based on a report in The Guardian.

On the time of publication, the Trump coin is buying and selling at over $37 with a market cap of $7.3 billion. When it went public on Friday, January 17, the token peaked at over $75, with a market cap near $15 billion, based on information from CoinMarketCap.