The memecoin market is once again demonstrating its unpredictable nature. This week, the ANSEM token surpassed the official memecoin of US President Donald Trump in market capitalization: $398 million versus $393 million. Formally, this is a victory. But in essence, it is merely a change of leadership within the same speculative bubble, where both assets are equally dubious for long-term holding.
ANSEM: Growth on Marginal Concentration
Behind ANSEM's impressive dynamics lies a structure that raises serious questions among analysts. The token's creator controls about 65% of the total supply, and considering friendly influencers, the actual insider share could reach 95% of the supply. This is a classic "pump-and-dump" model, where retail investors act as the final buyers.
Blockchain analytics 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 mechanics became a key growth driver. Influencer @blknoiz06 (Ansem) distributed part of the fees back to the community — according to Bubblemaps, over $6.7 million 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 over $500,000, in another post $300 supposedly turned into $689,000. This is classic memecoin atmosphere — loud success stories with a supply almost entirely concentrated in a few hands.
TRUMP: Liquidity Extraction from the Highest Level
The American president's token has already traveled its own path from euphoria to holder disappointment. The TRUMP memecoin has fallen about 97% from its all-time high, and according to Nansen data, about 989,000 out of 1.48 million wallets recorded total losses of $3.81 billion.
| TRUMP Project Metric | Value |
| Decline from all-time high | ~97% |
| Wallets with losses | ~989k out of 1.48 million |
| Total holder losses | $3.81 billion |
| Trump's total income from crypto projects (2025) | over $1.1 billion |
| Brand royalties from TRUMP memecoin | $635 million |
Meanwhile, the issuer itself profited. Trump's 2025 financial disclosure confirmed over $1.1 billion in income from crypto projects, of which $635 million came from licensing royalties for the brand in the TRUMP memecoin. Key point: this revenue did not depend on exchange quotes. While the token price for holders fell, 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 memecoin behavior. But from an investor's perspective, the difference between "fraud" and "standard memecoin behavior" is small if the result is the same — depreciated assets in the hands of most buyers.
Overall Conclusion: Two Sides of the Same Trap
Both ANSEM and TRUMP demonstrate the same scheme: supply is concentrated among insiders, growth is fueled by narrative and stories of others' profits, and the main risk falls on retail, to whom large holders sell off coins. The market cap gap in this pair changes the leader but does not change the essence of the choice — dubious in both cases.
Expert opinion: While retail investors chase "success stories" in memecoins, insiders methodically convert their enthusiasm into their own liquidity. Neither ANSEM nor TRUMP offer real value — only the illusion of quick profits for the majority and guaranteed income for the chosen few.