The TRUMP meme coin has raked in massive profits from transaction fees, but the exact numbers are unclear. Reports from sources like Chainalysis and Merkle Science suggest the creators have made nearly $100 million in trading fees in under two weeks. This comes from a 0.3% fee on every trade, which piled up fast thanks to the coin’s insane trading volume.
Key Takeaways:
- Trading Fees:The biggest money-maker for exchanges listing TRUMP Coin—but these fees cut into profits for small traders.
- Who’s Cashing In?CIC Digital, linked to the Trump Group, is one of the players getting a cut from these fees.
- Market Rollercoaster: The coin hit a $14.5 billion peak before crashing by two-thirds, leaving around 200,000 small traders in the red.
- Whales Win Big: At least 50 big investors walked away with over $10 million each from the early hype.
Note: Some AI summaries claim $320 million in profits, but verified reports point to around $100 million.