The official $TRUMP and $MELANIA meme tokens have collapsed, erasing billions in value for retail investors while early insiders and large-scale "whale" wallets secured massive profits. According to market data from CryptoRank, $TRUMP has fallen approximately 92% from its all-time high, while $MELANIA has experienced a staggering decline of roughly 99%.
The scale of retail losses is profound, with nearly two million wallets now holding these tokens at a loss. Combined retail losses across both tokens are estimated to exceed $4.3 billion. In a stark contrast, insiders associated with the projects reportedly earned over $600 million through fees and early token sales during periods of peak demand. Analysis indicates that for every dollar insiders gained, retail traders lost about twenty dollars.
Profit concentration was further highlighted by the activity of just 45 whale wallets, which collectively extracted $1.2 billion in gains. These large holders were able to move markets during thin liquidity periods, often exiting their positions before significant price drops.
Adding to future market uncertainty, insiders still hold approximately $2.7 billion worth of tokens locked until 2028. Analysts warn that the eventual unlock of this supply could create new waves of selling pressure, potentially hindering any price recovery. The event has been described by researchers as "the largest retail loss event for a political memecoin sector so far."
