How Trump team turned a dinner invite into a crypto boon worth millions
The coin’s price has surged more than 30% since the announcement, to about US$12, boosting the value of the crypto wallets owned by a digital firm affiliated with Trump’s family business, the Trump Organisation, by roughly US$100 million, the review shows.
The Trump-allied team who launched the meme coin also earn fees when the coins are bought or traded, including via a debit-card-friendly “buy now” button on the coin’s website. The team have earned US$1.25m in fees over the past week, the analysis found.
Trump has frequently promoted his desire to turn the United States into the “crypto capital of the planet” and two of his sons, Eric and Donald Trump jnr, have described the $TRUMP coin as the “hottest digital meme on…
