Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money
Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.
Trump stock soars, then slumps after meme coin launch
CIC Digital, a company owned by Trump, is one of the entities behind the coin. Its official website states that CIC Digital will receive trading revenue from the meme coin's activities. The exact portion of fees that may have gone to Trump personally, or the ownership details of the other entities involved, remain unclear.
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Pardoned by Trump, Founder of Silk Road Now Appears to Be Squandering Donations on Stupid Meme CoinsPardoned Silk Road founder Ross Ulbricht appears to be honoring a tradition in the world of crypto: losing money on doomed ...
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Timothy Massad, former CFTC commissioner and Harvard senior fellow, joins 'Squawk on the Street' to discuss the Trump meme ...
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