New Details About Trump's Memecoin Leaked From Official Website – Here's What They Are Planning


TRUMP, the official memecoin of U.S. President Donald Trump, will launch on the NFT market where "TRUMP Points" will be used.
According to data obtained from leaked information on the official website, on this platform, users will be able to buy and sell NFTs using cryptocurrency or "loyalty points." Loyalty points can be earned by trading, completing tasks initiated by the platform, and have the potential to hold the TRUMP token.
There has not been any official statement regarding this issue yet.
Launched three days before the president's inauguration, this token has achieved significant gains, especially for large investors. According to analyses by Inca Digital and Bubblemaps as of May 8, over 60 large wallets have accumulated a total profit of about $1.5 billion. $48 million of this profit came after Trump hosted a dinner in April.
Inca Digital notes that at least two prominent investors in the TRUMP token have earned profits exceeding $10 million. Additionally, 15 investors have earned profits exceeding $1 million each.
But the flip side of the coin is not bright: About 600,000 wallets have lost a total of 3.87 billion dollars. According to data from Bubblemaps, 117 million dollars of that was lost after Trump announced the dinner invitation on social media. And because most of these purchases were made on the secondary market, the Trump family only earned a limited fee from these transactions.
MEME-0,92%
TRUMP-2,27%
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