Trump and His Family Earned Millions From Trump Coin While 810,000 Others Lost Money: Report "That coin is a joke," one Trump supporter who said he lost money on the president's memecoin wrote on social media
The early rise in value of Donald Trump's memecoin, $TRUMP, helped some investors to earn significant profit while its crash caused more than 810,000 crypto wallets to lose $2 billion combined, according to an analysis reviewed by The New York Times. Meanwhile, Trump and his family have brought in approximately $100 million in trading fees alone.
Fast-moving professional crypto traders, some the paper said were based in China, bought $TRUMP at its opening sale price of 18 cents and sold quickly as its value rose to rake in significant profits.a
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