The TRUMP meme coin has generated significant profits through transaction fees, but the reported figures vary. According to reports from reputable sources like Chainalysis and Merkle Science, the entities behind the coin have earned nearly $100 million in trading fees in less than two weeks. This profit comes from a 0.3% fee charged on each transaction, which has accumulated rapidly due to the coin's high trading volume.
*Key Details:*
- *Trading Fees:* The primary source of revenue for cryptocurrency exchanges hosting TRUMP Coin, eating into potential profits for small-scale investors and everyday traders.
- *Profit Distribution:* CIC Digital, a company associated with the Trump Group, is among the entities receiving trading fees from the meme coin.
- *Market Performance:* TRUMP Coin peaked at over $14.5 billion in market value but has since slumped by two-thirds, resulting in losses for around 200,000 small traders.
- *Large Investors:* At least 50 large investors have made profits exceeding $10 million each, benefiting from the coin's initial surge.
It's worth noting that the $320 million figure mentioned in the AI summary is not supported by the available reports, which consistently cite a figure close to $100 million .
