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Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money - REUTERS

FEBRUARY 03, 2025

By  and 


Summary

  • Small traders lost money as $Trump coin slumped in value by two-thirds
  • CIC Digital, a Trump affiliate, among entities receiving trading fees from coin
  • Some ethics experts criticize Trump's potential conflict of interest in crypto

NEW YORK, Feb 3 - Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

The meme coin, known as $Trump, was launched by the president on Jan. 17 and quickly surged, reaching a peak of over $14.5 billion in overall market value by Jan. 19, the day before his inauguration. It has since slumped by two-thirds.

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