Liberal Forum

Blackvegetable » 11 minutes ago » wrote: ↑

11 minutes ago

Despite a broader rally in digital assets, president Trump’s and first lady Melania’s official memecoins have remained stagnant after tumbling more than 80%.

Three crypto data firms, including Merkle Science and Chainalysis, analyzed the blockchain, a publicly available ledger that shows all transactions involving $Trump, for Reuters. They estimated that the $Trump token had generated between $86 million and $100 million in trading fees by Jan. 30.

The estimates far exceed what has been previously reported.

One of the entities behind the crypto coin is a company owned by Trump, called CIC Digital. The official website for $Trump says CIC Digital will “receive trading revenue derived from trading activities” of the meme coin. Reuters could not determine what portion of the fees so far, if any, had accrued to Trump personally, nor the ownership of the other entities behind the coin....

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.
 
https://www.reuters.com/markets/currenc ... 025-02-03/