Bitcoin wallets holding over $1 million drop by 22,279 since Trump inauguration
This downtrend affected wallets of all sizes
Although Donald Trump's return to the White House initially sparked euphoria within the crypto community, and the Bitcoin bull run from October 7 to November 6, 2024, created 11,000 new Bitcoin millionaires, this optimism was short-lived.
According to a Finbold study, Trump’s return had the opposite effect, leading to market stagnation and decline. Between January 21 (the day after his inauguration) and February 18, the number of BTC addresses holding over $1 million dropped by 22,279.
Data from BitInfoCharts, accessed via the Wayback Machine, shows that during the first weeks of Trump’s second term, the number of addresses holding more than $1 million in Bitcoin decreased by 795 per day.
Sharpest declines among Bitcoin billionaires
The most significant drop occurred in addresses holding $1 million–$10 million in Bitcoin, falling from 157,563 to 138,693. Meanwhile, wallets containing over $10 million saw a substantial decline from 18,801 to 15,392.
Change in the number of addresses with bitcoins from January 21 to February 18, 2025. Source: Finbold
This downtrend affected wallets of all sizes
BTC addresses with balances under $9,999 fell by nearly 3 million since Inauguration Day.Addresses holding between $10,000 and $999,999.99 dropped sharply by 641,489.In total, 3.54 million BTC addresses holding at least $1 or more were removed, averaging 126,262 lost addresses per day.
While the reduction in addresses does not necessarily mean an equal number of individual investors exiting the market—since one person can control multiple wallets, or multiple people can share a single address—the trend remains concerning.
Pre-election pump and post-inauguration dump
Though it’s unclear if Trump and his administration directly caused this downturn, he could be criticized for inaction or leniency toward factors leading to the market decline.
Trump and his family’s launch of personal memecoins fueled a wave of token creation, many of which were designed for artificial hype, pump-and-dump schemes, and ultimately eroded market trust.
Moreover, despite campaign promises, Trump has yet to establish a national Bitcoin reserve. Whether this policy will be implemented in the coming months remains uncertain.
As we wrote, Bitcoin's market dominance has surged to over 60%, a level not seen since April 2021, as investors seek stability following the collapse of the LIBRA memecoin.
