US Edition58 crypto wallets have made millions on Trump’s meme coin. 764,000 have lost money, data shows
- Chainalysis data shows that 58 crypto wallets earned over $10 million each trading the $TRUMP meme coin, while about 764,000 wallets lost money.
- The $TRUMP token launched in January before Trump's second inauguration and surged after his promotional posts and a black-tie dinner announcement increased interest.
- The project’s market cap briefly reached $2.7 billion but fell to around $2.17 billion, with only 20% of tokens circulating and 80% controlled by Trump-related entities.
- The Senate's Permanent Subcommittee on Investigations began a formal probe into $TRUMP's ownership, revenue model, and potential conflicts of interest involving foreign investors.
- The $TRUMP token highlights wide investor losses amid concentrated profits for a few, raising regulatory scrutiny about crypto ties and ethics surrounding the president.
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Cryptocurrency News | Cryptocurrency Prices | Market Cap
Cryptocurrency News | Cryptocurrency Prices | Market CapSmall-time Trump coin buyers have seen their investments collapse
Nearly 67,000 crypto novices have pulled out their debit cards to bet on Trump’s crypto venture, a Post analysis found. So far it’s been a monumental bust.
President Trump’s memecoin made 58 lucky crypto holders $10 million+
President Donald Trump's cryptocurrency $TRUMP has been called a "conflict of interest," a "constitutional crisis," and blatant "corruption."However, for 58 cryptocurrency wallets, Trump's memecoin has been quite profitable, according to CNBC.This week, CNBC shared data from blockchain analytics firm Chainalysis, which states that 58 cryptocurrency wallets have made more than $10 million from investing in the $TRUMP coin. In total, these wallets…
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Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
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