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The team behind the TRUMP memecoin has pocketed 320 million USD in transaction fees. So who is at a loss?

The "memecoin empire" has brought in 320 million USD for the Trump family.

The Trump family's wealth has surged.

Just a few years after declaring crypto as "worthless," Donald Trump - now the President of the United States - has become one of the most influential figures in this market.

According to a compilation from the State Democracy Defenders Fund, the net worth of the Trump family has increased by 2.9 billion USD thanks to crypto, with 40% of their portfolio held in digital assets. From memecoins, DeFi to NFTs, he and his family have built a massive crypto network, bringing in billions of USD in profits.

Memecoins are a type of crypto token with no intrinsic value, often inspired by memes or cartoon characters. Popular examples include Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). The memecoin craze peaked earlier this year when Trump officially launched his own memecoin, followed by MELANIA - named after his wife.

The frenzy once drove TRUMP to a peak of 77.26 USD, but has now dropped 86% to around 10.8 USD. The First Lady's MELANIA performed even worse, plummeting by 97% in just 4 months.$