Trump "cuts leeks": TRUMP coins attract more than $100 million in gold, and retail investors lose money
2025-02-03 11:21:02
Trump leeks ": trump sucked money billion dollars retail investors blood lossdesk3cryptocurrencydesktopCrypto News
The entity behind US President Donald Trump's cryptocurrency has earned nearly $100 million in trading fees in less than two weeks, according to estimates from three blockchain analytics firms, a huge windfall, but thousands of small traders have suffered losses. Trump launched the token, called "TRUMP", on January 17 and it has skyrocketed. Three crypto data firms, including Merkle Science and Chainalysis, analyzed the blockchain and showed all transactions involving "TRUMP". They estimate that as of January 30, "TRUMP" tokens have generated trading fees of between $86 million and $100 million. This is far more than previously reported figures. One of the entities behind the cryptocurrency is a company owned by Mr. Trump called CIC Digital. The official website of "TRUMP" says that CIC Digital will "receive trading revenue from the trading activities of this meme coin". Meanwhile, about 200,000 crypto wallets, mostly small assets, have lost money on the "TRUMP" coin on exchanges.
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