The cryptocurrency project for US President Donald Trump has achieved at least $ 350 million of revenues from the official launch of the Trump (Trump), according to an analysis conducted by the Financial Times.
The entities participating in the operation of Memecoin Trump got at least $ 314 million of the distinctive symbol sales and $ 36 million from the fees on Solana Blockchain, Fort I mentioned On March 7.
Although Trump’s profit is still unclear, the official Memecoin site, Gettrummpmemes.com, States The fighting fighting of the CIC and Delaware digital fighting has 80 % of the symbols.
FT methodology for Trump’s profits. Source: Fort
Financial times calculated profits by tracking the flow of symbols from their establishment to official governors, then after putting them for sale on the Solana trading platforms, according to the report.
How many mechanics Trump there?
Trump launched Mimikoen Trump Days before the White House returned on January 20.
The launch included obtaining 1 billion Trump symbols, with the first 200 million released in the first memecoin batch and the remaining 800 million is scheduled to be released over the next three years.
Customize road map and manufacturing from Memecoin Trump. Source: Gettrumpmemes.com
According to the FT report, 158 million icons were deposited in a liquidity group, allowing traders to purchase memecoins in the open market against USDC in Circle (USDC) Stablecoin.
Sales and purchase indicate the manipulation of alleged prices
According to the FT analysis, the TROMP accounts sold the first 100 million Trump symbols the day after the launch of Memecoin at a price of less than $ 1.05.
The analysis suggested that after withdrawing the first USDC from the sale, the TROMP portfolios then put $ 291 million in USDC in another liquidity group in a clear effort to support the market.
“This plan is likely to have made more money from other transactions,” the report said.
Trump’s initial half of Trump was sold at less than $ 1.05 each. Source: Fort
FT also found that Trump’s accounts spent one million dollars on purchasing its distinctive symbols at a price of $ 33.20 on January 19 and January 20 to stabilize the price amid Trump’s decrease after its launch Melania Trump Melania Mimikoen.
Related to: The mimokins are likely to have died at the present time, but they will return: Coingecko
Trump’s price fell 82 % of its peak of $ 75 on January 19. Nevertheless, the 831 million distinct symbols are still held by Trump’s affiliate accounts that have a virtual value of $ 10.8 billion, according to the report.
The Trump account intervened in the market after Melania Mimikoen launched. Source: Fort
Possible measures against presidential memecoins
Memecoin Trump has emerged as one of the most discussed topics in the encryption community, especially because of this claiming Which leads to 700 copies Perhaps Contribute to the balance symbol A scandal, promoted by Argentine President Javier Miley.
The Democratic Representative in the House of Representatives has publicly criticized the concept of presidential momentum, which suggested a legislation project in late February to Ban officials and their families From this activity.
On March 5, a member of the New York State Association, Clyde Vantel, presented a draft law Forensic penalties for the withdrawal of the Mimoin rug In an attempt to protect investors.
Meanwhile, the financial organizers, including the US Securities and Stock Exchange Committee Memecoins is not located according to the laws of securitiesDirecting their organization to other authorities.
magazine: Trump’s encryption projects raise conflicts in interests, trading questions from the inside
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