In Krypto -the world coins are mostly just jokes without their own value. But Trump’s family launches the president’s meme for two valuable goods: serious funds and access to the president.
Ever since the coin was launched earlier this year, it has created more than $ 320 million for its creators, according to Blockchain. And on Monday TrumpincreasedThe dinner he is ready to take part on May 22, which is open for almost those who buy enough coins.
According to the rules of the competition, the top-220 owners of Meme Coin will be able to go to Trump’s golf club in Golf Rayon. The 25 best owners will also be present at the reception, where they can rub the shoulders with Trump in advance.
“Let the president know how many $ Trump coins you have!” The coin said on itssitePromoting dinner.
Trading activity in the Meme coin jumped after the first time had been announced, and the price also rose. But trumps do not need to sell coins to make money.
As Trump earns money on a meme coin
Decentralization is the fundamental to cryptocurrency. Bitcoin, the most popular cryptor in the world, was born as a result of the 2008 financial crisis as a digital currency that was intended for banks and governments.
Trump Meme coins can be traded on a decentralized exchange, which, in fact, is a place where traders can change goods without an intermediary.
Instead of comparing buyers and sellers one by one, decentralized exchanges use what is called liquidity pool to ensure that transactions can happen easily and instantly. Liquidity pools are essentially an automated pot with means that combine coins such as $ Trump with more popular types of crypt that can be easily traded.
When the Trump Meme coin was first launched, its creators initially released 20% of the planned 1 billion total coins. Half of these 20% were put on public sale, and the other half was put in the liquidity pool. The CIC Digital, the branch of Trump and another company receives “Trade Profit derived from trading activity” Trump Meme Meme coins, according to its site.
Thanks to the liquidity pool, the creators of the meme -Trump make money, chargeing tiny fees for each trade.
“You really don’t care what happens to the price. You don’t care what is a permanent volume,” said Nikolai Sandergard, Blockchain Analytics Nansen research analyst. “Because the more volume, it means more trading and thus more than you are payments.”
Since the Blockchains cryptocurrencies are public, you can track how much the trading fees have been paid. Chainalysis noted that the creators of the Trump Meme coins a week after the first time was announced, earned more than $ 1.3 million. The Meme coin value jumped from approximately $ 9 to $ 14 immediately after the announcement. He traded about $ 11 on Monday afternoon.
Trump lowers profits
Launched immediately before taking office, Trump’s coin’s coin was one of the loudest ways that the president, which violates the norm, mixed politics and his personal finance.
The remaining 80% of Trump’s coins, which are still under the blocking, have been highlighted by CIC Digital and other company. As alsoAgreement on ethicsWhen he is president, it prohibits Trump’s “daily” decision -making in Trump’s organization and restricts financial information about a business that can be divided with it.
During an interview with NBC “Meet the Press” last weekend, Trump said he did not adhere to the price of the coin and rejected the idea that he made a profit from the president. He also rejected the opinion that he had abandoned any income received from his cry.
“Should I make all my real estate I have possessed for years when it rises a little because I am the president and do good work? I don’t think,” Trump said.
Heavy advertising
A team behind Trump’s platforms is aggressively trying to promote a chance to eat with the president.
“Good news! President Trump allows another person to visit Trump’s dinner,” the official account is on X on X– NoteLast week, encouraging people to respond to memes involving Trump. “Our favorite Trump’s favorite memes will be shown to President Trump, and we will pick 1 man who will come for dinner on May 22!”
The creators also tried to raise the ante by offering $ 100,000 on TrumphoursUp to four Trump coin owners.
Unknown guests
On Monday night, Trump held a Crypto & Ai Innovators collection on closed doors, funded by his Maga Inc. Super Pac’s The Super Pac will eventually need to list donors in its regular public disclosure.
It is unclear whether the public will find out who bought your way at dinner coin with the president. Unlike the political donations that need to be publicly reported, there are no requirements for disclosure for Meme coin buyers.
The critics of Trump’s offensive in the meme, which include several Democrats, say that the pseudonymous nature of cryptocurrency gives bad subjects the opportunity to try and unnecessarily influence the president, acquiring their digital assets.
Meme Coin Trump Meme assures those who are registered in the competition that their full legal name and contact information “will never be publicly shown”.
Instead, the registers choose the username that is displayed on the siteLeader.The rating depends not only on how many Trump Meme coins are holding, but also on how long.
After No. 220, the Council has a note of encouragement for those who are slightly below the cut to buy more meme coins.
“You are so close. Fighting for your dinner at $ TRUMP.”
Originally this story was presented on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/AP25125710431150-e1746522393969.jpg?resize=1200,600
2025-05-06 09:08:00
Alan Suderman, The Associated Press
