$TRUMP

An investigation by Chainalysis reveals that while only 58 wallets earned more than USD $10 million from the meme coin $TRUMP linked to President Donald Trump, over 760,000 retail investors suffered losses. The case, under investigation by the Senate, adds controversies over conflicts of interest and million-dollar commissions for insiders, in a context of exclusive promises such as dinners with the president and access to luxury events.

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58 crypto wallets earned more than USD $10 million each with the meme coin $TRUMP, but 764,000 suffered losses.

The U.S. Senate is investigating possible conflicts of interest and financial flows to the Trump family.

Commissions and vesting favor insiders, while 80% of the supply of $TRUMP remains locked.

The cryptocurrency craze and the arrival of the meme coin $TRUMP

In recent years, the cryptocurrency market has experienced a wave of meme tokens, some linked to public figures such as President Donald Trump. In January of this year, before Trump's second presidential inauguration, the meme coin $TRUMP was launched. Its appearance generated immediate excitement, fueled by posts from the president himself on platforms like Truth Social and X, briefly driving its market value to USD $15 billion.

However, volatility became apparent almost immediately. After reaching its peak value, the token lost most of its value within days. Despite this, interest from investors drawn both by Trump's figure and possible exclusive benefits remained.

Extreme inequality in $TRUMP earnings

According to data provided to CNBC by blockchain analysis firm Chainalysis, approximately two million wallets have purchased the token to date. However, only 58 of them achieved earnings exceeding USD $10,000,000 each, totaling USD $1,100,000,000 among them.