Donald Trump and early investors have earned millions from $TRUMP coin while 813,294 wallets have registered $2 billion in collective losses.

Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

Launched Jan. 17 days before Trump’s inauguration, $TRUMP initially skyrocketed in value, peaking on Jan. 19 at nearly $75 per share with a market capitalization of more than $14.75 billion before crashing days later. Today, the meme coin hovers above $16 a share with a market cap of $3.72 billion, about a quarter of its value at its apex.

D onald Trump’s launch of a new cryptocurrency called $Trump just days before his inauguration caused a frenzy in the crypto market. Some early traders made huge profits, with o

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