#BinanceLiveFutures #memocoin #scriptotoken OPAQUE OWNERSHIP
Meme coins are crypto tokens that feature branding or names referencing memes or internet trends. They are usually highly volatile and have scant practical use. Trump’s coin, for example, is intended as an expression of support for the president’s call to ‘fight, fight, fight’ after he was shot at a campaign rally last year.
The exact ownership of Trump’s meme coins is hidden behind opaque limited liability companies. Fight Fight Fight, a Delaware-registered company, is the owner of the official website for the coin, gettrumpmemes.com.
William Zanker, a Trump business associate who in 2022 collaborated with him on digital assets, is listed as the primary contact for Fight Fight Fight in registration documents. He did not respond to a request for comment.
Fight Fight Fight is owned by Trump’s CIC Digital and Celebration Cards, according to the meme coin’s website. Reuters could not ascertain the identity of the people behind Celebration Cards, which also receives revenue from the trading activities of the meme coin.
The official $Trump website says up to 1 billion $Trump coins will be sold over the next 36 months. Initially, a tranche of 200 million $Trump coins was released to the market, when the coin’s creators transferred them to three crypto wallets, the blockchain analysis shows. The meme coin’s website says Fight Fight Fight and CIC Digital own the remaining 800 million coins, worth around $16 billion at the coin’s current price of about $20.
Merkle Science said the three crypto wallets were the earliest holders of the $Trump tokens and received the coins directly from their creators without purchasing them. Chainalysis said that, based on its assessment, the three wallet addresses “belong to creators of the $Trump coin.”
Blockchain analysis firms track the movement of crypto coins on the public ledger that underpins most digital assets. They connect digital wallets - which are anonymous - with known individuals or entities via proprietary research and investigate