The #TRUMP meme coin has generated substantial revenue through transaction fees, though reported figures vary slightly. According to trusted sources like Chainalysis and Merkle Science, entities behind the coin have earned nearly $100 million in trading fees within just two weeks. This revenue stems from a 0.3% fee on every transaction, which has added up quickly due to the coin’s massive trading volume.
Key Highlights:
Trading Fees: These fees are the main income source for platforms listing TRUMP Coin, cutting into profits for smaller investors.
Profit Recipients: CIC Digital, linked to the Trump Group, is among the beneficiaries of these trading fees.
Market Fluctuations: TRUMP Coin reached a market cap of over $14.5 billion before crashing by two-thirds, leaving around 200,000 small investors with losses.
Whale Gains: Over 50 major investors have each pocketed more than $10 million, thanks to early investments.
Note: The widely circulated $320 million figure mentioned in some AI-generated summaries is not backed by Chainalysis or Merkle Science, which report the total closer to $100 million.