Highlilghts:
- The Official TRUMP meme coin launched in January 2025 and quickly attracted around 2 million blockchain addresses.
- Only 58 wallets earned over $10 Million each, collectively taking $1.1 billion in profits from the TRUMP token.
- Over 750,000 participants suffered losses after buying the coin at higher prices during the hype.
A new report shows that the Official TRUMP meme coin created sharp wealth gaps since its January 2025 debut. Chainalysis data reviewed by CNBC confirms that 58 large wallets earned $1.1 Billion, while over 750,000 lost money.
The price volatility, selective benefits, and political ties have now drawn scrutiny from U.S. lawmakers and regulators.
TRUMP Meme Coin Rewards a Few, Harms Thousands
The TRUMP token hit the market on January 17, 2025, when the new presidential term was about to start. It spiked in popularity, having about 2 million blockchain addresses within weeks.
However, 58 wallets managed to capture much of the token’s value, each gaining over $10 Million.
These accounts secured the token on its first release on the Solana blockchain. When that was the case, the token drastically traded below its much later high point of $75.35.
The coin price was $10.91 at press time, offering the opportunity of an 85.65 percent downswing from its high.
Meanwhile, 764,000 smaller participants bought the token at a much higher price and incurred losses. Most of them piled in once the hype took the prices higher, and they overlooked to get out.
TRUMP Token Rally Follows Dinner Announcement
After weeks of inactivity, the project team announced a special April 23 announcement that increased TRUMP’s price. On that day, they held an exclusive dinner event for 220 token holders. The dinner is set for May 22, 2025, and will be hosted at Trump’s National Golf Club in Washington, D.C.
The event includes a private White House tour and reception for the top twenty-five token holders. Following this news, there was a new wave of activity, with 54,000 more addresses adding the token. The rally has collected more than 100,000 addresses since April 15.
While the announcement temporarily increased the coin’s Market Cap to $2.7 Billion, it has now reduced to $2.18 Billion.
The short and sharp burst of the coin’s stock price indicates the cryptocurrency’s extremely dynamic market behavior. Such extreme price fluctuations have bred yawning gaps between first and latter entrants.
Senate Investigates TRUMP Token Ties
Fight Fight Fight LLC and CIC Digital, a Trump Organization affiliate, run the TRUMP coin project. These two groups possess the lion’s share of its 1 billion total supply, which raises questions about transparency. Presently, legislators are determining if these affiliations are a conflict of interest.
The Senate’s Permanent Subcommittee on Investigations has launched a formal investigation into ownership of the tokens and the revenue channels.
Investigators will discuss how the project has raised funds and who benefits from the structure of the project. The project got the federal limelight following the dinner announcement and Donald Trump’s involvement in the public space.
Authorities are also looking into promotional material uploaded by Trump because it might influence public buying behavior.
The time element of price shifts, project announcements, and political remarks has aggravated concerns. Regulators are interested in whether insider benefits or coordination were involved.
Bitcoin Holdings and Crypto Policies Under the Trump Administration
In the meantime, Eric Trump revealed that he and President Trump own a considerable amount of bitcoins. In a speech at the TOKEN2049 event in Dubai, he said that Bitcoin has long-term value and named it a personal financial strategy. Although no numbers were given, Eric referred to it as a significant investment on his part and his father’s.
This statement is consistent with the administration’s general position on digital assets. In March, the president of the USA signed an executive order to establish a national Crypto reserve using the seized Bitcoins. This new reserve suppresses a possible asset liquidation and aims for a long-term increase.
The administration ordered a committee to increase the reserve by incorporating other altcoins from the asset forfeitures. These holdings will not be sold at a fast pace, although retained for appreciation in value. This approach represents a move away from past federal policies, which used to liquidate seized crypto as soon as possible.
U.S. Pushes Forward on Crypto Rules
This year, Trump settled on Paul Atkins as the new Securities and Exchange Commission (SEC) Chair. His appointment is required to provide clear, actionable guidelines for crypto-related projects. The administration seeks to balance innovation with accountability in digital markets.
It is a perspective that the U.S. must lead on crypto adoption, according to the administration. Trump has been keen to point out that failure to do so would enable other nations to dominate space, especially China. Such efforts support U.S. competitiveness and financial leadership in the evolving tech.
