Top 10 Holders Control Nearly 90% of Trump Meme Coin (TRUMP)
Web3
January 18, 2025 11:18 AM
In Brief:
Top 10 wallets hold 89.61% of the total TRUMP supply.
Market cap surpasses $3 billion, with TRUMP trading at $3.25.
TRUMP Meme Coin Faces Centralization Concerns
According to GMGN market data, the TRUMP meme coin has quickly surged to a $3 billion market cap, with a current price of $3.25. However, the top 10 holders control nearly 90% of the total supply, raising concerns about centralization and potential price manipulation.
Despite its high liquidity pool of $14.2 million, TRUMP’s heavy concentration among a few wallets could impact long-term market stability.
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