Trump's crypto coin $ Trump: $ 100 million in less than two weeks!

Trump's crypto coin $ Trump: $ 100 million in less than two weeks!

The new cryptocurrency of the former US President Donald Trump, known as $ Trump, shaked the financial world: In less than two weeks after its introduction, the companies behind this Memecoin deserve an estimated almost $ 100 million in trading fees. This impressive intake achieved by barely rapid services and financial analysts shows how quickly the coin gained value from January 17th - only to fall dramatically by two thirds, as reports from OE24 and Market screen confirm.

The developments around $ Trump

The $ Trump coin, which was presented on January 17, reached an impressive market value of over $ 14.5 billion until January 19, the day before Trump was taken. But his high -rise was short -lived: from January 30, the coin lost 66 % of its value, which brought tens of thousands of small investors to the red. Estimates by Merkle Science and Chainalysis show that despite the massive losses of smaller investors, at least 50 of the largest donors were able to achieve over $ 10 million profit. In the meantime, the exact details about the merits of the President Crypto and its possible returns to Trump himself remained unclear, as well as the ownership of the companies involved.

Another interesting aspect is the role of CIC Digital, the company that belongs to Trump and which officially appears as a beneficiary of trade fees. The $ Trump Website emphasizes that CIC Digital will receive the trading profits. Richard Briffault, a law professor at Columbia University, expressed concerns about the ethical question that Trump has the power to regulate his own business. Experts criticize the lack of transparency in this business area and refer to the consideration that the laws of the market could be influenced by personal interests.