The true winner of Trump Memocoin gives a frenzy
On Wednesday, the team behind the official Donald Trump Memecoin The investors who held the biggest crypto coins in the coming weeks have sparked a trading frenzy after they announced they would be invited to a gala dinner with the US president taking part.
“In this intimate private dinner, listen to President Trump talking about the future of code” list On the Trump Coin website. “The most exclusive invitation in the world. Dinner is scheduled to take place on May 22nd.
According to an analysis by blockchain analytics company Nansen, traders rushed to buy Trump coins. Within an hour, the price was there It has skyrocketed by almost 60%.
However, two organizations that own 80% of the coin supply, CIC Digital LLC and Fight Fight Fight LLC, and Fight Fight LLC, a derivative of the Trump-owned conglomerate, have been a secondary concern in market prices. For the time being, these companies are making profits primarily based on how often people trade it.
When playing cards He announced his memo coin January, two organizations 10% of the total supply was poured The purpose of a so-called liquidity pool is to allow the assets to be traded freely. Promises to buy and sell coins as liquidity supplies and rewards come in with trades known as market production, a Trump-held organization. Command the price. This fee ranges from 0.1 to 10% of each transaction, depending on current demand levels. Think of it like surge pricing on a ride app.
“If you have coins and control the production and fees you incur in the market, what you care about isn’t the price itself, but the movement of volume and price.”
Previously, it was owned by the entity that came with the cards. It is reportedly He earned tens of millions of dollars in trading fees related to Trump Coin. 24 hours after dinner announcement, a $1.6 million fee was collected by contributors to Meteora’s Trump Liquidity Pool, the exchange where the token was first released. Most of that money came into the battle between CIC Digital and Fight Fight as the biggest contributor to the pool. Previous Report.
On paper, organizations associated with Trump can also benefit from their appreciation of Trump’s prices, as they are much larger holders. But in reality, they are prevented from selling coin stashes. Limit access to shares held Three years, and in part due to the prospect of rebound, due to the inevitable decline in prices caused by large sales.
“The optics of profiting from selling your own coins is terrible, but profiting from the production of the market is opaque enough to protect your reputation,” says van der Hayden.