Trump, the official memecoin of US President Donald Trump, will launch an NFT marketplace in which “Trump points” will be used.
According to data obtained from an information leak on the official website, users on this platform can buy and sell NFTs with cryptocurrency or “loyalty points”. Loyalty points can be earned by trade, completing tasks initiated by the platform and possibly holds Trump -Tokens.
An official statement has not yet been made on this subject.
Token was launched three days before the president’s inauguration and made considerable profit, especially for large investors. According to analysis of Inca Digital and Bubblemaps from 8 May, more than 60 large portfolios have made a total of around $ 1.5 billion in profit. $ 48 million of this win came after Trump organized a dinner in April.
Inca Digital noted that at least two prominent investors in the Trump have made a profit of more than $ 10 million. In addition, 15 investors have made a profit of $ 1 million each.
But the downside of the currency is less clear: around 600,000 portfolios lost a combined $ 3.87 billion. According to Bubblemaps -data, $ 117 million of that loss took place after Trump announced the invitation of dinner on social media. And because most of these purchases were made on the secondary market, the Trump family made only a limited amount of reimbursements of these transactions.
*This is not investment advice.