According to data from blockchain analytics firm Chainalysis, the creators of the #TR TRUMP token—linked to companies associated with the #TR Trump family—made over $320 million in revenue through transaction fees and early token sales. Meanwhile, the token has dropped nearly 87% in value since its launch, leaving most retail #investor in the red.
Experts say the profits were mostly concentrated among insiders who launched and promoted the token using #political branding and hype. For everyday #investors investors, however, it turned out to be a risky bet with significant losses.
This case adds to a growing list of celebrity or politically linked #Cryptocurrencies: that appear profitable only for their creators, while regular investors suffer the downside..
