How Much Has Donald Trump Earned from TRUMP Token So Far?
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.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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