According to CoinDesk Donald Trump and his family earned around $320 million through their official meme coin "$TRUMP," despite its value dropping by 87%.
The coin was launched in January 2025, and its price surged in the early days but significantly declined afterward.
About 80% of the tokens were held by Trump-affiliated companies, CIC Digital LLC and Fight Fight Fight LLC, which earned approximately $350 million through token sales and trading fees. However, over 810,000 crypto wallets collectively lost around $2 billion due to the sharp decline in the coin's value.
Although no illegal activities were proven, the move raised ethical and political questions, especially given Trump's position as President and his influence over crypto policies.
This situation is an example of how investing in meme coins requires caution, as their prices are highly volatile. Often, the initial investors profit significantly, while those who join later face losses.
