Trump Family's Token Launch Sparks Market Volatility

According to PANews, the Trump family announced the launch of the $Trump token on January 17, 2025, leading to significant market fluctuations. An early trader, identified by wallet address 6QSc2Cx, invested $1,096,109 to purchase 5,971,750 $Trump tokens at $0.18 each, just minutes after the announcement. As the token's price surged to $75, the trader's profits peaked at $109 million within two days. However, latecomers to the market faced substantial losses. Chainalysis reports that over 810,000 wallets have collectively lost more than $2 billion due to the token's price plummeting. Currently, the $Trump token is valued at $17, marking a decline of over 75% from its peak. Despite the intense market volatility, the Trump family and their partners have earned nearly $100 million in transaction fees from the token's trading activities, although most of these earnings have not yet been realized.