KEYTAKEAWAYS
- TRUMP and MELANIA Tokens: Whales Hold 94% of Supply
- Nasdaq Official Account Hacked to Promote Scam Meme Token STONKS
- TRUMP Token Holders Largely at Break-Even Point
CONTENT
TRUMP AND MELANIA TOKEN DISTRIBUTION: WHALE-DOMINATED MARKET
Chainalysis posted on X, highlighting that TRUMP and MELANIA tokens are highly concentrated, dominated by 40 cryptocurrency whales. Each of these whales holds tokens worth $10 million or more, accounting for 94% of the total supply.
In comparison, wallets holding $1–10 million represent only 2.1%, while those with $100,000–$1 million make up 1.7%. Smaller holders with less than $100,000 worth of tokens account for just 2.2% of the total.
Analysis:
This data shows that TRUMP and MELANIA tokens are highly concentrated among a few whales, often leading to higher market volatility. These large holders can influence token prices through significant buy or sell actions, increasing the risk of market manipulation.
Furthermore, the low proportion of smaller holders indicates these tokens have yet to achieve true market adoption and decentralization.
NASDAQ OFFICIAL X ACCOUNT HACKED TO PROMOTE FRAUDULENT MEME TOKEN STONKS
On January 23, The Block reported that Nasdaq’s official X account was hacked to promote a fraudulent meme token. The hackers linked a fake X account as an affiliated account of Nasdaq and used Nasdaq’s official account to repost content promoting a meme token named STONKS, which was created the same day.
The post has since been deleted, and the fake X account has been suspended. The fraudulent meme token appears to mimic an existing meme token on Solana, which owns the intellectual property for STONKS. According to DEXscreener data, the market cap of the fake STONKS token soared to $80 million before crashing.
This incident follows a familiar pattern of well-known X accounts being hacked to promote scam tokens, similar to past cases involving celebrities and institutions.
Analysis:
This hacking incident highlights the security vulnerabilities of social media accounts belonging to major institutions. Hackers leveraged Nasdaq’s credibility to post fraudulent content, attracting numerous investors within a short time and ultimately causing severe financial losses and a trust crisis.
From an investor’s perspective, scams like this are frequent, yet they continue to draw attention. This reflects a lack of vigilance among many investors toward high-yield projects. Fraudulent tokens like “STONKS,” which directly copy existing projects and exploit well-known platforms’ traffic, easily mislead investors into thinking they are legitimate.
TRUMP TOKEN HOLDERS BREAK EVEN
According to the latest PnL data, most TRUMP token holders are either breaking even or have profits/losses within $1,000.
Analysis:
TRUMP tokens exhibit significant daily price volatility, with a difference of about 18% between the highest and lowest prices. While this high volatility attracts speculators, it also increases trading risks for retail investors, leading to more short-term trades and frequent buying and selling.
Also Read：
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