The creators of the meme coin receive a share of the trading fees from Meteora, a little-known crypto exchange where the $Trump coins were first sold, the blockchain analyzes showed. At least fifty of the largest investors in the coin have made profits in excess of $10 million each on the $Trump coin, according to Chainalysis. At the same time, some 200,000 crypto wallets, most with small holdings, lost money on $Trump on the exchange, it said.
Trump has pledged to put his assets in a trust managed by his children on entering the White House. His son, Eric Trump, speaking on behalf of the Trump Organization, told Reuters in response to questions about the fees he is proud of what "we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth."
"We are just getting started," he added.