EddieJayonCrypto

 23 Jan 25

tl;dr

A recent report from blockchain analytics firm Chainalysis revealed that just 40 wallets control 94% of the total supply of TRUMP and MELANIA meme tokens. The report highlights the extreme concentration of holdings among a small group of whales, despite most holders being small-scale investors. The ...

Chainalysis recently reported that 40 wallets hold 94% of TRUMP and MELANIA meme tokens, showcasing extreme concentration among a small group of whales. Despite retail dominance, this concentration raises concerns about long-term sustainability and tax implications. Most holders are small-scale investors, raising worries about the market's future. The meme tokens' popularity has significantly impacted the Solana blockchain, driving transaction fees and revenue to record highs at the cost of shifting investor interest away from other sectors, such as AI agent tokens. Additionally, the rise of these tokens highlights the tax implications for investors. Notably, best crypto platforms in Europe include Wirex, YouHodler, eToro, Phemex, and Zoomex, providing opportunities for investors in the region.

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