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$TRUMP's reported fees and holder losses diverge before the Trump dinner

Reporting and findings

  1. reported

    Reuters reported that $TRUMP rose to about $75 and later reached $7.50, that Inca Digital estimated 592,962 wallets had lost a combined $3.9 billion since launch, and that Chainalysis estimated entities behind the token had earned $320.19 million in fees. The Zanker-addressed Senate letter identifies Fight Fight Fight as the launcher and Trump as promoter; neither source allocates the full fee estimate to Zanker or Trump personally.

Summary and current status

One May 12 snapshot supplies four compatible, separately scoped dashboard observations: drawdown, losing wallets, estimated losses, and entity fees.

$3.9 billion in holder losses and $320.19 million in entity fees estimated at the May 12, 2025 snapshot

People and organizations

Relationships in this file

  1. Donald J. Trump$TRUMP operator contact in Trump-promoted ventureBill Zanker

Money trail

  1. other$TRUMP drawdown from reported peak90%
    Measured subject
    $TRUMP token market price
    observed · 2025-05-12 · observedRead source record
    Calculation detailsPopulation $TRUMP token market price from the Reuters-reported post-launch peak of about $75 to the reported low of $7.50Period 2025-01-17 to 2025-05-12Basis Calculate (75.00 − 7.50) ÷ 75.00 × 100 = 90% from the peak and May 12 price reported by Reuters; the separate contest-cutoff price is outside this interval.Limits Reuters reported rounded prices and did not supply intraday timestamps in the cited article; the 90% result is therefore a rounded drawdown, not a tick-level all-time-low calculation.
  2. feeEstimated fees to entities behind $TRUMP$320.19 million
    Estimated fee payer / source
    $TRUMP traders
    Estimated fee recipient
    Entities behind $TRUMP
    estimated · 2025-05-12 · observedRead source record
    Calculation detailsPopulation Cumulative trading fees Chainalysis attributed to the entities behind $TRUMP from launch through the May 12 Reuters reportPeriod 2025-01-17 to 2025-05-12Basis Use Reuters' report of Chainalysis's on-chain fee estimate for issuer- and operator-linked entities collectively, excluding the market value of locked token holdings.Limits Reuters did not publish the complete address set or allocation among CIC Digital, Fight Fight Fight, Celebration Cards, liquidity providers, or individuals; do not treat the aggregate as Trump or Zanker personal income.
  3. lossEstimated $TRUMP wallet losses$3.9 billion
    Loss or cost borne by
    592,962 losing $TRUMP wallets
    estimated · 2025-05-12 · observedRead source record
    Calculation detailsPopulation The same 592,962 $TRUMP wallets Inca Digital classified as losing money from launch through May 12, 2025Period 2025-01-17 to 2025-05-12Basis Use Reuters' $3.9 billion Inca Digital loss estimate paired with 592,962 wallets; later rounded figures cover a differently stated population and total.Limits Rounded third-party estimate; Reuters did not publish the underlying cost-basis model, address clustering, or split between realized and mark-to-market losses.
  4. loss$TRUMP wallets with losses592,962 wallets
    Loss or cost borne by
    592,962 $TRUMP wallets classified as losing
    estimated · 2025-05-12 · observedRead source record
    Calculation detailsPopulation $TRUMP blockchain wallets that Inca Digital classified as having lost money from launch through the May 12 Reuters snapshotPeriod 2025-01-17 to 2025-05-12Basis Use Reuters' report of Inca Digital's on-chain loss count for 592,962 wallets. Wallets are not people or unique beneficial owners.Limits Reuters did not publish Inca's full address-clustering, exchange-omnibus, transfer, cost-basis, or realized-versus-unrealized methodology; treat the count as a third-party point estimate.