Trump’s Meme Coin Rakes in $100 Million in Trading Fees – What’s the Next Best Crypto?

Donald Trump’s meme coin has generated significant income for traders. CIC Digital, a partner of Trump, benefitted from the trading fees associated with his $TRUMP coin.

Overview

The $TRUMP token made headlines for its appeal to Trump’s loyal fan base and impressive trading activity. It was launched on January 17, 2025, and achieved an overall market valuation exceeding $14.5 billion within just 48 hours. Within two weeks, it produced nearly $100 million in trading fees.

According to Reuters, CIC Digital was among those profiting from the fees generated by this meme coin.

Understanding Trading Fees

Trading fees represent a major source of income for cryptocurrency exchanges, collected each time a trader makes a purchase or sale. As trading volumes for Trump Coin surged, fees quickly accumulated.

Impact on Small Traders

While exchanges have profited immensely, many small investors faced losses as fees deducted from their potential gains. Reports suggested that numerous retail traders lost money due to a two-thirds decline in $TRUMP value.

“Small traders lost money as $Trump coin slumped in value by two-thirds,” stated the report.

Melania Trump’s Coin

Interestingly, just hours before Trump’s inauguration, First Lady Melania Trump also launched a meme coin called Melania ($MELANIA) on January 19, 2025. Initially, it saw rapid success, rising from a starting price of $7.40 to a peak of $13.73 shortly after launch. However, it later experienced a significant price drop.

Future Prospects

Investors are focusing on the emerging AI-driven initiatives within the crypto sphere, exemplified by MIND of Pepe ($MIND), which is gaining traction through meaningful engagements and community interactions, making it a notable contender in the utility-driven market.

For more details, follow the developments in this area as we see innovation continually shaping the landscape of cryptocurrency.