- I'm sure this is all completely legitimate. Archived Message
Posted by larue33
on February 3, 2025, 14:00:00, in reply to "February 2025 politics thread "
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Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money. The meme coin, known as $Trump, was launched by the president on Jan. 17 and quickly surged, reaching a peak of over $14.5 billion in overall market value by Jan. 19, the day before his inauguration. It has since slumped by two-thirds. --- The creators of the meme coin receive a share of the trading fees from Meteora, a little-known crypto exchange where the $Trump coins were first sold, the blockchain analyses showed. At least fifty of the largest investors in the coin have made profits in excess of $10 million each on the $Trump coin, according to Chainalysis. At the same time, some 200,000 crypto wallets, most with small holdings, lost money on $Trump on the exchange, it said. Reuters |
- Buttcrack March 1, 2025, 8:54:20