Analysis: Since the launch of TRUMP, it has generated at least $11.4 million in expenses for Trump-related entities

2025-01-29 11:50:47

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ChainCatcher news, according to Bloomberg, based on an analysis by the crypto risk modeling company Gauntlet, the meme coin TRUMP launched by Trump may have generated at least $11.4 million in fees for entities related to the president since its launch before the inauguration.

Tarun Chitra, co-founder and CEO of Gauntlet, stated in an interview that CIC Digital LLC and Fight Fight Fight LLC earned fees by providing liquidity to the Meteora platform to support TRUMP trading. Gauntlet tracked all fees collected from the TRUMP liquidity pool on Meteora, with most of the liquidity provided by entities associated with Trump.

Chitra noted that the fees generated by TRUMP "are basically comparable to the fees during the peak of meme coins." It is worth mentioning that the actual fee revenue could be much higher, as a large amount of TRUMP was quickly sent to exchanges like Binance and OKX, although it is difficult to calculate the corresponding profits.

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TRUMP Trump Meme Coin

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