Trump Estimated to Earn $100 Million in OfficialTrump Trading Fees

President Donald Trump, through the issuance of a new meme coin called OfficialTrump (TRUMP) prior to his inauguration, has reportedly generated significant profits for himself and his partners. It is estimated that the cryptocurrency trading fees alone have reached nearly $100 million (approximately 145.2 billion KRW).

On the 9th (local time), the New York Times, citing data from Chainalysis, reported that President Trump, his family, and partners have earned about $100 million from OfficialTrump trading fees.

OfficialTrump is a meme coin directly issued by President Trump on the 17th of last month, prior to his inauguration. OfficialTrump seemed to absorb all the buzz surrounding President Trump, skyrocketing to $77, a 43,000% increase from its initial price of $0.18, just two days after issuance. The market capitalization of OfficialTrump surpassed $10 billion in about three days after issuance, overtaking Shiba Inu to become the second-largest meme coin by market cap.

During this period, as OfficialTrump recorded a sharp rise, early investors who invested in this meme coin reportedly made substantial profits. According to Chainalysis data, approximately 700,000 addresses have profited from OfficialTrump. One investor purchased about 6 million tokens at $0.18, recording a profit of $109 million (approximately 160 billion KRW).

However, not all investors have reaped profits. This is because OfficialTrump has been on a continuous decline since the first week of trading. As of 2:21 PM on the 10th (KST), OfficialTrump is trading at $15.61, down 11.27% from the previous day according to CoinMarketCap. It has fallen about 80% from its peak.

As a result, many investors have suffered losses. As of today, a total of 813,294 wallet addresses are recording losses due to OfficialTrump.