According to the New York Times, on January 17, 2025, the Trump family announced the issuance of $Trump tokens, which immediately caused wild fluctuations in the market. An early trader (wallet address 6QSc2Cx) spent $1,096,109 and bought 5,971,750 $Trump at a unit price of $0.18 less than two minutes after the news was released. After the price soared to $75, the highest profit in two days was $109 million.
However, investors who entered the market late suffered heavy losses. According to Chainalysis analysis, as of this week, more than 810,000 wallets have lost more than 2 billion dollars due to the plunge in the price of $Trump. The token is currently only 17 dollars, down more than 75% from its peak.
Despite the volatile market, the Trump family and its associates have earned nearly $100 million in trading fees from the token, much of which has yet to materialize.
Chainalysis: Over 810,000 Wallets Lose Over $2 billion Due to Trump Price Plunge
2025-02-10 03:09:40
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