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Trump "cuts leeks": TRUMP coins attract more than $100 million in gold, and retail investors lose money

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...

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2025-02-03 11:21:02
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