The memecoin ANSEM has surpassed TRUMP in market capitalization: two traps for retail investors
The meme coin market once again demonstrates its unpredictable nature: the ANSEM token has surpassed US President Donald Trump's TRUMP coin in market capitalization. The figures of $398 million versus $393 million are formally a victory. But in essence, we are witnessing a classic reshuffling of leaders within the same speculative bubble, where both assets carry identical risks for the retail investor.
ANSEM: Growth Driven by Extreme Supply Concentration
Behind ANSEM's seemingly impressive dynamics lies a structure that raises serious questions among professional analysts. The token's creator controls about 65% of the total supply. Considering friendly influencers, the actual insider share could reach 95% of the total supply.
Analyst Quentin Franco described the situation as preparation for a massive "haircut" for retail investors. In his assessment, without such tight control over supply, the token could never have shown such sharp growth. Now, large holders are actively selling coins to ordinary buyers.
Arkham data confirms this concentration: a wallet linked to the project held hundreds of millions of ANSEM, and even after a series of airdrops, the creator retained about 58.7% of the supply. The airdrop mechanism fueled the hype: influencer @blknoiz06 (Ansem) distributed part of the creator's fees back to the community. According to Bubblemaps, over $6.7 million was distributed to 700+ addresses, with the largest recipient taking 1% of the total supply, worth about $1 million.
Simultaneously, social media filled with stories of super-profits: someone claimed earnings exceeding $500,000, while another post said $300 turned into $689,000. This is classic meme coin atmosphere — loud success stories with supply almost entirely concentrated in a few hands.
TRUMP: Liquidity Extraction from the Highest Level
The US president's token has already gone through its own journey from euphoria to holder disappointment. The meme coin has fallen about 97% from its all-time high, and according to Nansen data, approximately 989,000 out of 1.48 million wallets recorded total losses of $3.81 billion.
Meanwhile, the issuer itself profited. Trump's 2025 financial disclosure confirmed over $1.1 billion in revenue from crypto projects, of which $635 million came from licensing royalties for the TRUMP meme coin brand.
Key point: this revenue did not depend on exchange prices. While the token's price fell for holders, the organizer steadily received fees and income from sales. Independent observers call this gap liquidity extraction — retail participants' money flowed to the creators and left the ecosystem.
Legally, the disclosure only confirms personal income and does not prove intentional token dumping. The price crash after launch is generally considered standard meme coin behavior. But from an investor's perspective, the difference between "fraud" and "standard meme coin behavior" is small if the result is the same — depreciated assets in the hands of most buyers.
The overall conclusion is the same. Both ANSEM and TRUMP demonstrate the same pattern: supply is concentrated among insiders, growth is fueled by narratives and stories of others' profits, and the main risk falls on retail investors, to whom large holders sell coins. The gap in market capitalization in this pair changes the leader but does not change the essence of the choice — dubious in both cases.
Expert opinion: Retail investors should critically evaluate any meme coins with high supply concentration. The TRUMP story clearly shows that even a big name does not guarantee protection from depreciation, and ANSEM merely repeats the same scenario with a new face.