Millions Gained, Millions Lost: The $TRUMP Meme Coin Divide
A Handful Win Big
Only 58 crypto wallets have made it big on President Donald Trump’s meme coin, $TRUMP, each pocketing over $10 million in profits. These elite holders have collectively earned approximately $1.1 billion, according to blockchain data. In stark contrast, around 764,000 wallets—mostly smallholders—have suffered losses.
A Coin of Controversy
Launched in January ahead of Trump’s second inauguration, $TRUMP skyrocketed to a $15 billion market cap after promotional posts by Trump. However, most of that value was erased within days. Despite the volatility, interest surged again following the announcement of an exclusive May 22 event at Trump National Golf Club, with top 25 holders promised a reception and White House tour.
Driven by Hype and Incentives
The project’s promise of a black-tie dinner for the top 220 holders caused trading activity to spike. In just a few weeks, 100,000 new wallets purchased $TRUMP, bringing the total number of wallets holding the token to over 2 million. However, the rally has primarily enriched a small circle of early whales.
Insiders and Token Mechanics
Only 20% of the token supply is currently in circulation. The remaining 80%—reportedly controlled by the Trump Organization and affiliates—is locked under a three-year vesting schedule. Yet, insiders continue to earn, with over $324 million in trading fees funneled to wallets tied to the token’s creators through the smart contract’s built-in fee mechanism.
Political and Ethical Scrutiny
The token’s ties to Trump, its foreign investors—including a state-backed Emirati fund—and embedded revenue streams have triggered regulatory concerns. Lawmakers are probing its structure, with accusations of potential conflicts of interest and political profiteering.
Thankyou
Please follow me @Rosy Ruma
