TRUMP Has Resulted in At Least $11.4 Million in Expenses for Trump-Related Entities Since Launch

BlockBeats News, January 29, according to Bloomberg, according to analysis by crypto risk modeling company Gauntlet, Trump's Meme coin TRUMP may have generated at least $11.4 million in fees for entities associated with the president since its launch before the inauguration.

Gauntlet co-founder and CEO Tarun Chitra stated in an interview that CIC Digital LLC and Fight Fight Fight LLC earned fees by providing liquidity to the Meteora platform to support TRUMP transactions. Gauntlet tracked all fees collected from the TRUMP liquidity pool on Meteora, with most of the liquidity provided by entities associated with Trump.

Chitra stated that TRUMP "basically generated fees comparable to the fees during the heyday of Meme coins." It is worth noting that actual fee revenue may be much higher as a large amount of TRUMP was also quickly sent to exchanges such as Binance and OKX, making it difficult to calculate the corresponding profits.