Odaily News The entities behind U.S. President Donald Trump’s cryptocurrency raked in nearly $100 million in transaction fees in less than two weeks, according to estimates from three blockchain analytics firms, but thousands of small traders incurred losses.
Trump launched a token called TRUMP on January 17, and it quickly soared. Analysis by three crypto data companies, including Merkle Science and Chainalysis, showed that as of January 30, TRUMP tokens had generated $86 million to $100 million in transaction fees. This is far more than previously reported. One of the entities behind this cryptocurrency is a company owned by Trump called CIC Digital. The official website of "TRUMP" stated that CIC Digital will "receive trading income from the trading activities of this meme coin." At the same time, about 200,000 crypto wallets (most of which are small assets) have suffered losses due to TRUMP coins. (Jinshi)