Crypto NewsAltcoinHow Much Has Donald Trump Earned from TRUMP Token So Far?

How Much Has Donald Trump Earned from TRUMP Token So Far?

How much trading fees has the new US President Donald Trump earned so far from the Official Trump (TRUMP) token?

Follow Bitcoin Sistemi Google News Button

A Trump-branded memecoin launched shortly before Donald Trump’s second term in office reportedly generated at least $11.4 million in fees for entities linked to the former president, according to an analysis by cryptocurrency risk modeling firm Gauntlet.

The unexpected launch of the official Trump memecoin on Jan. 17 marked a significant shift for Trump, who had gone from a former crypto skeptic to a supporter. The token’s launch generated excitement and pushed its market value past $14 billion at its peak.

Gauntlet CEO Tarun Chitra explained that the organizations behind the project, CIC Digital LLC and Fight Fight LLC, earn fees by providing liquidity to support token trading.

Related News  Donald Trump's Cryptocurrency Project Buys a Surprise Altcoin, Then Elon Musk Rumors Emerge

CIC Digital and Fight Fight Fight LLC control 80% of the token supply, which will be gradually unlocked over three years. At launch, 200 million tokens were made available, with the total supply set to reach 1 billion.

Chitra noted that the launch of the Trump memecoin ranks among the most successful individual memecoin releases.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week