New Details on TRUMP Memecoin Leaked from the Official Website! Here’s What They Are Planning

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TRUMP-0,56%

The official memecoin of U.S. President Donald Trump, TRUMP, will launch an NFT marketplace where “TRUMP Points” can be used.

According to data obtained from a information leak on the official website, users on this platform will be able to buy and sell coins or “loyalty points” NFTs. Loyalty points can be earned by trading, completing tasks initiated by the platform, and potentially holding TRU tokens.

No official statement has been made regarding the matter yet.

The token launched three days before the president’s inauguration ceremony has provided significant profits, especially to large investors. According to analyses conducted by Inca Digital and Bubblemaps as of May 8, over 60 large wallets have collectively earned about 1.5 billion dollars. Of this profit, 48 million dollars was realized following the dinner invitation organized by Trump in April.

Inca Digital stated that at least two investors in the TRUMP token have made profits exceeding 10 million dollars. Additionally, each of the 15 investors earned over 1 million dollars.

However, the other side of the coin is less bright: Approximately 600,000 wallets have lost a total of 3.87 billion dollars. According to Bubblemaps data, 117 million dollars of these losses occurred after Trump announced the dinner invitation on social media. Furthermore, since most of these purchases were made on the secondary market, the Trump family only earned a limited amount of transaction fees from these transactions.

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