meme

Financial Times: Trump profits at least $350 million by launching TRUMP meme coin

ChainCatcher news, according to the Financial Times, Trump's cryptocurrency project has made at least $350 million by launching the $TRUMP meme coin. The media's analysis of blockchain data shows that within three weeks of the $TRUMP launch in January this year, the project operating entity generated this revenue by selling tokens, including $314 million from token sales and $36 million in fees. In addition to the $350 million earned from directly selling $TRUMP on Solana, Trump may have also gained more revenue by selling small amounts of tokens on cryptocurrency exchanges like Binance.The project website Gettrumpmemes.com states that "CIC Digital LLC, a subsidiary of the Trump Organization, and Delaware company Fight Fight Fight LLC jointly own 80% of the tokens." Although the product has received official endorsement from the president, the project is operated by Fight Fight Fight, "and is not distributed or sold by Trump himself, the Trump Organization, or any of their respective affiliates or executives."Investors and ethics experts say that selling cryptocurrency tokens effectively provides a way to funnel anonymous donations to the president while also exploiting retail investors. Tim Massad, a part-time law professor at Georgetown University Law School and former chairman of the U.S. Commodity Futures Trading Commission, stated, "The President of the United States should not be doing this kind of profit-making from his position while in office; it's a very bad example."

Zeta Markets co-founder: After a significant sell-off, the meme coin market will concentrate on leading projects, while other coins will gradually lose attention

ChainCatcher news, according to CoinTelegraph, the meme coin market has erased all gains following President Trump's election victory, having evaporated more than half of its market value since December last year. CoinMarketCap data shows that the total market capitalization of meme coins dropped from $124 billion on December 5, 2024, to $54 billion on March 5, 2025, a decline of 56%.The meme coin market gradually declined after reaching an all-time high of $137 billion on December 8, 2024. Although there was a brief rebound during the issuance of meme coins by Trump and First Lady Melania in January, the overall trend remains downward. Industry observers attribute this massive decline to factors such as a turbulent global economic environment, lack of meme coin regulation, insider trading scandals, and endorsements by public figures.Anmol Singh, co-founder of Zeta Markets, stated, "The meme coin bubble has burst," citing reasons including economic uncertainty under the Trump administration, the combination of U.S. economic and foreign policy, and excessive involvement from celebrities and social media influencers. Singh predicts that after experiencing significant sell-offs, the meme coin market may concentrate on major meme coins like Dogecoin, Pepe, Bonk, Dogwifhat, and TRUMP, while "other coins will gradually lose attention."
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