The official trump meme coin is currently hovering around $ 16.50 – far from its $ 75 peak. Whether the inner sources have redeemed or traders were rugged, one thing is certain: President Donald Trump allegedly killed one.
As the new York TimesThe Trump family and various partners raked the trading fees for approximately $ 100 million. What else? Most of these have not been cash yet.
Remember how Trump launched the coin three days before assuming office, it appears that a new revenue stream was one of the priorities of his President.
Supporters embraced it from Make-America-Grey-Fire. Very at least, this was another way to mudge the Maga brand for Trump – such as he did with hats, NFT, a Defy platform, sneakers and bebals.
Finally, Meme coins-of which the total market cap is $ 100 billion-works in a free-after-all market, where many investors, or internal formulas, leaving latcomers with zilch, prices before bailings. Increase
Famous people (ie Hawk Tuah Girl and Andrew Tate) who attached themselves to these coins, are often examined for this type of activity. The Trump family is no different. However, President Endorsement A “official trump” token attracted a lot of crypto buyers for the first time, as told by AxisAnd Trump, as the President, is in a position to change the regulatory inspection around the cryptocurrency, which they see fit.
Trump’s critics wisely called it a conflict of interest, but actually a supporter of Trump who feels pain.
Sean M, owner of a small business of northern Carolina. Take Whitson. On the opening day, he was stocked: “Today, we take our country back!” He PostedCelebrating both Trump and his $ trump investment. In a few weeks, faster forward, and set in reality. “This $ trump was with rubbish,” he announced, called it “a joke”.
The most prominent sounds in the Crypto community, including Skybridge founders Anthony Skaramuchi and Stephen Findsen (aka Coffee), called Trump almost immediately called Trump that they buy a classic pump-end-dump crift: big players, promoting it, then promoted it, then promoted it, then promoted it Cash – Leave small investors in financial waste.
There is currently no difficult evidence that Trump or his colleagues manipulated the price of official trump.
However, the Times shared data from Nansen, as well as the Channelis and researcher Molly White, who pointed to an account at least one, which bought Trump $ 1,096,109 million in the $ 1 trump three hours before launching the coin.
Nansen’s analyst Oreli Bartere said the anonymous account made a profit of $ 50 million to the coins.
Later sales increased their profits by $ 109 million, White told the Times.
And another businessman who began buying $ Trump only two minutes after launching was a $ 2.7 million network.
For score holders: 700,000 wallets get benefits on Trump tokens. Real winner? 31 initial traders who collected $ 669 million in profit in a few days.
But where the winners are there… Okay, 813,294 not-so-a-lucky wallet. In the first 19 days of trading, these people occupied either cash or their coins because they were from the nose. Collectively, they are sitting on a $ 2 billion punch for the intestine, given how far the coin fell in the price.
The Trump family is not allowing the coin of the meme to close the backlash to the closure of other commercial undertakings which are in tasks. He recently unveiled an investment platform Truthfi, which aims to be “a competitive option to awaken funds”.
