Donald Trump Even during the election campaign, he announced his cryptocurrency company World Liberty Financial, and after winning the election, but before he entered the office cryptocurrency (so -called memecoin) $ Trump.
According to the latest data made available by CNBC by a company dealing with blockchain chainalysis, about 764 thousand. Wallets that Memcoin President $ Trump bought have lost money on this investment. Most of the wallets that lost money had smaller amounts of memecoin.
Chainalysis said that while about 2 million portfolios bought cryptocurrency, 58 wallets earned over $ 10 million. Everyone, which in total gave around $ 1.1 billion. profit.
Memcoin $ Trump, experienced violent price fluctuations, which resulted in very uneven profits for investors.
VIP dinner with “Krypto-President” USA
Interest in the coin increased by over 50 percent. After the project website promised 220 owners of the largest number of memecoins at a gala dinner with the US president. The event is scheduled for May 22 at the presidential Trump National Golf Club in Washington.
In addition to dinner, there will also be an “Ultra-Equal Private VIP party with the president” for the 25 largest coins owners, which includes, among others A trip around the White House.
The increase in prices caused by dinner raised the market capitalization $ Trump to $ 2.7 billion. At the peak, but since then it has dropped to around $ 2.17 billion.
The digital currency is one of several projects related to cryptocurrencies launched by companies associated with Trump, who called himself “crypto-presidential”.
The Trump family focuses on cryptocurrencies
The value of cryptocurrency, which was introduced to the market in January before the second inauguration of Trump, initially increased to $ 15 billion. After a series of promotional posts by the president on Truth Social and X. Within a few days the cryptocurrency lost most of her value.
Trump family involvement in cryptocurrency business It causes controversy. According to “NYT”, Zach Witkoff, son of a special envoy for the Middle East and at the same time one of the founders of the World Liberty Financial, announced that the fund supported by the United Arab Emirates authorities will invest $ 2 billion, using the Trump's cryptocurrency, which can translate into hundreds of millions of revenues for the president's family.
Source: CNBC
