Trump family pockets $636 million from branded meme coin as investors lose
President Donald Trump disclosed in his recent financial filing that his cryptocurrency holdings generated more than $1 billion in income, with about $635 million coming from a licensing agreement with a meme-coin group, NBC reported. ABC News echoed the filing, noting that the former president earned over $1 billion from token sales and the Trump-branded meme coin. The Office of Government Ethics filing, cited by the Associated Press, showed that Trump-related crypto ventures produced roughly $1.
2 billion in revenue and that the value of the associated tokens fell sharply. A subsequent analysis by The New York Times found that Trump and his family received $636 million from the Trump-branded meme cryptocurrency, while many investors who purchased the token incurred losses, according to the newspaper. The report highlighted that the token’s price decline left holders with losses exceeding their initial investments.
