Trump's meme coin made nearly $100 million in trading fees, small traders lost money
This secondary source from Reuters supports 2 claims across 2 ledger entries.
All sources · Open original source
Claims supported by this source
- analysisdocumented
The token created large fee and withdrawal channels tied to issuer-designated wallets and a Trump-owned licensing entity, but the measures cover different periods and categories and cannot be added or treated as the same personal cash receipt.
Fee estimate, method and recipient-allocation limitationTRUMP Token Fees, Withdrawals and Reported Royalties — Audit finding · Cited analysis
- factreported
Reuters estimated $86 million to $100 million in trading fees during the token's first two weeks and said the allocation among Trump-linked entities and partners was not public.
Fee estimate, method and recipient-allocation limitationTRUMP Token Fees, Withdrawals and Reported Royalties — Outcome · Outcome