Trump-linked entities made $100m on Official Trump fees: report

The entities behind Donald Trump’s memes play fired nearly $ 100 million in negotiation fees in a few weeks, while tens of thousands of small investors have undergone losses, according to an investigation.

The official asset (ASSET) Same corner approved by President Donald Trump earned a lot of money, but apparently not for small investors. Entities behind the same room, including a company linked to Donald Trump, raised up to $ 100 million in negotiation costs in less than two weeks, Reuters reportsCiting estimates of three companies, including Merkle Science and Chainalysis.

According to them, negotiation costs on the part Trump varied between $ 86 million and $ 100 million on January 30. A company calculated the total of around $ 100 million on January 29.

A company belonging to Trump, CIC Digital, is one of those who benefit from it, indicates the report. Reuters notes that the official same corner website indicates that CIC Digital “will receive commercial income from commercial activities”, although it is not clear how much, if necessary, fees went directly to Trump itself.

The costs come from merchants using Meteora, a decentralized financial trading platform where the same part was sold for the first time. According to Chainalysis, at least 50 major investors have earned more than $ 10 million each. At the same time, around 200,000 wallets with smaller assets have lost money.

In a comment to Reuters, Eric Trump defended the company, saying that the play even Trump “is currently the hottest digital meme in the world. We are just starting.

Like crypto.News reportedThe starting starting of the $ 72 billion market in Trump triggered a wave of scams, with 6,800 false tokens and 91 DAPP fraudulent flooding the market. According to Blockchain Forensic Firm Blockaid, within 48 hours only according to the launch, the crooks increased efforts to exploit media threshing, creating a peak of 206% in the tokens using the name “Trump” – from 3,300 to 6800 – This makes more difficult for investors to identify counterfeits.