Blockchain analysis company: Approximately 200,000 addresses suffered losses due to trading TRUMP coins

2025-02-03 19:32:05

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ChainCatcher message, according to estimates from three blockchain analytics firms, the entity behind former President Trump's cryptocurrency has earned nearly $100 million in transaction fees in less than two weeks, while thousands of small traders have suffered losses.

Trump launched a token called "TRUMP" on January 17, which quickly soared. Three crypto data companies, including Merkle Science and Chainalysis, analyzed all transactions involving "TRUMP." They estimate that by January 30, the "TRUMP" token had generated between $86 million and $100 million in transaction fees.

One of the entities behind this cryptocurrency is a company owned by Trump called CIC Digital. The official website for "TRUMP" states that CIC Digital will "earn transaction revenue from the trading activity of this meme coin." Meanwhile, around 200,000 crypto wallets (most with small assets) have suffered losses on exchanges due to the "TRUMP" coin.

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TRUMP Coin Trump CIC Digital

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