Blockchain analysis company: About 200,000 addresses suffered losses due to trading TRUMP coins
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 incurred losses.Trump launched a token called "TRUMP" on January 17, which quickly surged. Three crypto data companies, including Merkle Science and Chainalysis, analyzed all transactions involving "TRUMP." They estimate that as of January 30, the "TRUMP" token has 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.