Most TRUMP Holders Are at Break-Even or Slight Loss, Analyst Calls the Tokenomics “Outdated”

A majority of investors in “official” U.S. President Donald Trump’s meme token (TRUMP) are at break-even or are losing up to $1,000, according to a dashboard on Dune.

Holders in profit are roughly half as numerous. Very few have gains or losses over $10,000.

At press time, TRUMP trades at $38, nearly flat over the past 24 hours, and daily volume has dropped to $476 million.

Since TRUMP’s launch, Circle—the issuer of USDC—has minted an additional 3.5 billion USDC to provide liquidity. The stablecoin’s market cap now exceeds $51 billion.

Just printed $123,631,730 USDC!

Circulating Supply: $51,042,707,917

— Stablecoin Printer (@usdcoinprinter) January 22, 2025

Meanwhile, MELANIA—the meme coin from Trump’s wife—has weakened, declining 10% over the last 24 hours, trading below $4.

“TRUMP’s tokenomics are poor, but with no unlocks for three months, there’s some decent time free from added supply concerns,” David Zimmerman, a DeFi analyst at K33 Research, said in a report, according to The Block.

He pointed out that such distribution structures are “outdated,” as the market is increasingly favoring fully circulating supplies at launch.

“It’s unclear who exactly these ‘creators’ are, but Trump holds a significant financial interest in the token through CIC Digital,” Zimmerman added.

Context

• The watchdog organization Citizens for Responsibility and Ethics in Washington is preparing lawsuits against Trump on various issues, including the creation of the meme coin.