Trump Earned $636 Million from $TRUMP Memecoin While Many Investors Lost Money
By
Eric Lipton, Andrea Fuller, David Yaffe-Bellany
Summary
President Trump reaped approximately $636 million from a memecoin called $TRUMP, which was part of a $2 billion haul he took in last year. While Trump and his family benefited enormously, hundreds of thousands of his fans and investors who bought the speculative cryptocurrency suffered losses. The findings come from an independent analysis of trades and fees from $TRUMP token sales, drawing renewed attention to the financial dynamics of the memecoin.
Source
bskyTrump Earned $636 Million from $TRUMP Memecoin While Many Investors Lost Moneynytimes.comKey quotes
· 3 pulledA large chunk of the $2 billion haul President Trump took in last year came as hundreds of thousands of his fans and other investors bet on a speculative cryptocurrency called $TRUMP
while Mr. Trump amassed an eye-popping $636 million from the cryptocurrency, known as a memecoin, many of his followers who heeded his call to purchase the coin came out losers
That outcome, documented by an independent analysis of trades and fees paid out from $TRUMP token sales, is drawing renewed attention this week
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