Yesterday 10:07 am
This is how stupid he knows you **** are
https://open.substack.com/pub/popularin ... dium=email
Much of Trump’s crypto-related income is from his most frivolous venture — the Trump meme coin, $TRUMP. Trump launched his meme coin, which is a type of crypto token tied to a celebrity or joke, on January 17, 2025, just days before his inauguration for his second term.
According to the financial disclosures, Trump’s meme coin business, CIC Digital LLC, “generated $636 million in income,” with the majority of it coming from “royalties from a license agreement with Celebration Coins,” Bloomberg reported. The income from Trump’s meme coin business includes money collected from the initial sale of 200 million tokens plus transaction fees that are siphoned off of each trade.
Trump’s reported earnings from the $TRUMP coin prove that the token is great for Trump. But investors in the coin are not reaping the same benefits. Since it first launched, the coin has lost around 97% of its value. The token reached a peak value of over $74 shortly after it launched, but, as of Wednesday, it sits at $1.66, according to Coinbase.
https://open.substack.com/pub/popularin ... dium=email
Much of Trump’s crypto-related income is from his most frivolous venture — the Trump meme coin, $TRUMP. Trump launched his meme coin, which is a type of crypto token tied to a celebrity or joke, on January 17, 2025, just days before his inauguration for his second term.
According to the financial disclosures, Trump’s meme coin business, CIC Digital LLC, “generated $636 million in income,” with the majority of it coming from “royalties from a license agreement with Celebration Coins,” Bloomberg reported. The income from Trump’s meme coin business includes money collected from the initial sale of 200 million tokens plus transaction fees that are siphoned off of each trade.
Trump’s reported earnings from the $TRUMP coin prove that the token is great for Trump. But investors in the coin are not reaping the same benefits. Since it first launched, the coin has lost around 97% of its value. The token reached a peak value of over $74 shortly after it launched, but, as of Wednesday, it sits at $1.66, according to Coinbase.