The cryptocurrency project of US President Donald Trump generated at least $ 350 million in revenue compared to the launch of the Trump (Trump) even official, according to an analysis of the Financial Times.
The entities involved in the exploitation of the Trump even won at least $ 314 million from tokens sales and $ 36 million in the Solana blockchain, FT reported on March 7.
Although Trump’s personal profit is not clear, the official site of Memecoin, Gettrumpmemes.com, indicates that the fight Fight Fight Affiliated Cic Digital and Delaware has affiliated to the Trump organization collectively 80% of the tokens.
FT methodology to calculate Trump’s income. Source: FT
The Financial Times calculated the benefits by following the flow of tokens of their creation in official portfolios, then following their placement for sale on the trading platforms based in Solana, according to the report.
How many same is there?
Trump launched his days of Trump even before his return from the White House on January 20.
The launch consisted in racing 1 billion Trump tokens, the first 200 million people published in the first lot Mencoin and the remaining 800 million which will be published over the next three years.
Assignment and road strike from the official Trump (Trump) same. Source: GettrumpMes.com
According to the FT report, 158 million tokens were deposited in a liquidity pool, which allowed merchants to buy the same on the free market in exchange for the Stablecoin USDC (USDC) of Circle.
Sales and purchases indicate an alleged price manipulation
According to the FT analysis, Trump’s accounts have sold the first 100 million Trump tokens the day after the same price at a price of $ 1.05.
The analysis suggested that after having withdrawn the first USDC won from the sale, Trump Wallets subsequently presented $ 291 million in USDC in another liquidity pool in an apparent effort to support the market.
“The diet should have earned more money thanks to other transactions,” said the report, adding that the pools have also sent around 14.7 million Trump tokens to 10 exchanges, including Binance, Bybit and Coinbase.
Half of Trump’s initial distribution was sold for less than $ 1.05 each. Source: FT
The FT also noted that Trump accounts spent $ 1 million to buy their own tokens at $ 33.20 on January 19 and 20 to stabilize the price in the middle of Trump’s decline after Melania Trump’s launch of Melania Melania.
In relation: Samecoins is probably dead at the moment, but they will be back: Coingecko
Trump’s price dropped 82% compared to its $ 75 summit on January 19. Despite this, the 831 million Trump tokens still held by accounts affiliated with Trump would have a notional value of $ 10.8 billion, according to the report.
A Trump account intervened on the market after the launch of Melania same. Source: FT
Potential action against presidential meal
The Trump Memecoin has become one of the most discussed subjects of the cryptographic community, in particular because of its allegedly triggering 700 copies and by potentially contributing to the scandal of the Balance tokens, promoted by the Argentinian president Javier Milei.
The Democratic representative of the Chamber, Sam Liccardo, publicly criticized the concept of presidential same, proposing a bill at the end of February to prohibit civil servants and their families of this activity.
On March 5, the member of the New York State assembly, Clyde Vanel, presented a bill establishing criminal sanctions for the same carpet draws in an effort to protect investors.
In the meantime, the financial regulators, including the Securities and Exchange Commission of the United States, have reiterated that the same is not listed by securities, directing their regulations to other authorities.
Review: Trump crypto companies raise conflicts of interest, initiate negotiation issues
