PANews reported on February 3rd that according to Jinshi, three blockchain analysis companies estimated that the entity behind US President Trump's cryptocurrency earned nearly $100 million in transaction fees in less than two weeks, which was a huge windfall, but thousands of small traders suffered losses. Trump launched a token called "TRUMP" on January 17 and it quickly soared. Three crypto data companies, including Merkle Science and Chainalysis, analyzed the blockchain to show all transactions involving "TRUMP". They estimated that as of January 30, the "TRUMP" token had generated $86 million to $100 million in transaction fees. This is far more than previously reported. One of the entities behind this cryptocurrency is a company owned by Trump called CIC Digital. The official website of "TRUMP" stated that CIC Digital will "receive trading income from the trading activities of this meme coin." At the same time, about 200,000 crypto wallets (most of which are small assets) suffered losses on the exchange due to the "TRUMP" coin.
About 200,000 Crypto Wallets Suffer Losses on Exchanges Due to “TRUMP” Coin
- 2025-05-15
Lawyer: If the US Congress fails to pass the GENIUS Act in time, crypto regulatory reform will be delayed until 2029
- 2025-05-15
Anchorage CEO: Reports that the company is under investigation by the U.S. Department of Homeland Security are "complete nonsense"
- 2025-05-15
White House official Bo Hines: Trump is still expected to sign cryptocurrency legislation before August
- 2025-05-15
US Democrats ask Treasury to provide "suspicious activity report" on Trump's crypto investments, mentioning Justin Sun
- 2025-05-15
Coinbase CEO: Plans to make more acquisitions after acquiring Deribit
- 2025-05-15
MetaMask co-founder says its team is still considering launching a native token