A small group of wallets are raking in millions from the controversial $TRUMP meme coin — while hundreds of thousands face steep losses amid political scrutiny.
While roughly two million wallets have bought into the $TRUMP meme coin since its January launch, a stark gap separates winners from losers. Just 58 wallets have earned over $10 million each — together banking around $1.1 billion in profits, according to fresh data from Chainalysis. These wallets appear to have bought in early and in bulk, reaping the rewards of wild price swings and high-profile marketing pushes.
In contrast, nearly 764,000 wallets are in the red. Most of these holders invested smaller sums, reflecting the coin’s broad but shallow base of retail support. Despite the losses, the token’s allure hasn’t faded — particularly among those chasing proximity to political power.
Dinner with the President: Hype Drives Demand
The project saw a major boost in interest after its website promised exclusive access to top token holders. The top 220 wallets are invited to a black-tie-optional dinner with Donald Trump at his Washington, D.C. golf club on May 22. The top 25 wallets will also receive a private reception and White House tour.
Following the announcement, the coin’s market cap surged to $2.7 billion before retreating to $2.17 billion. Chainalysis reports that 100,000 new wallets have joined the fray since April 15, with 54,000 of those arriving in the days following the dinner reveal.
Insiders and Ethics Concerns
Regulatory concerns are now mounting. The Senate’s Permanent Subcommittee on Investigations has launched a formal probe into the token’s structure and financial flows. At the centre is World Liberty Financial — a related crypto venture said to send 75% of its revenue to the Trump family. Lawmakers are questioning whether the token poses a conflict of interest for the former president.
The scrutiny intensified after reports that foreign entities — including a UAE-backed fund and crypto figure Justin Sun — are involved. Ethics watchdogs have raised alarm over the intertwining of political access and speculative crypto investments.
Follow the Money
Despite market volatility, those behind the token are making steady income. The token’s code routes a percentage of each trade to wallets linked to the creators. Since January, these fees have generated over $324 million for the team, according to Chainalysis.
Currently, only 20% of the token’s supply is in circulation. The remaining 80% is locked under a three-year vesting agreement, reportedly controlled by the Trump Organization and its affiliates. Public filings claim insiders won’t begin selling for several more months, though they’re still earning handsomely from trading activity in the meantime.
The Verdict
The $TRUMP token has become more than just another meme coin — it’s a flashpoint in the debate over politics, crypto, and influence. While a small group has cashed in, the vast majority of holders are left chasing promises. As investigations ramp up and the May 22 event nears, investors are watching closely. Whether the token is remembered as a financial experiment or a political scandal remains to be seen.
