PANews reported on February 10 that according to the New York Times, on January 17, 2025, the Trump family announced the issuance of $Trump tokens, which immediately triggered drastic market fluctuations. An early trader (wallet address 6QSc2Cx) spent $1,096,109 to purchase 5,971,750 $Trumps at a unit price of $0.18 within less than two minutes of the announcement. After the price soared to $75, the highest profit in two days was $109 million.
However, investors who entered the market late suffered heavy losses. According to Chainalysis analysis, as of this week, more than 810,000 wallets have lost more than $2 billion due to the plummeting price of $Trump. The current price of the token is only $17, down more than 75% from its peak.
Despite the market volatility, the Trump family and its partners have earned nearly $100 million in transaction fees from the token trade, most of which has not yet been cashed out.
