Memo on Understanding Trump's Crypto Wealth

Reporting cited here

1. documented

   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.

   TRUMP insider-wallet table, address methodology and approximately $313 million USDC withdrawal total

   TRUMP Token Fees, Withdrawals and Reported Royalties — Audit finding · Cited analysis

2. reported

   A Center for American Progress wallet analysis estimated that addresses it classified as TRUMP insider wallets withdrew approximately $313 million in USDC after depositing TRUMP tokens into liquidity pools.

   TRUMP insider-wallet table, address methodology and approximately $313 million USDC withdrawal total

   TRUMP Token Fees, Withdrawals and Reported Royalties — Outcome · Outcome