The token has seen significant declines, dropping 8% in the past day and 33% over the past week.
While major investors profited, thousands of small traders reportedly suffered losses from the memecoin.
Official Trump $TRUMP, the meme coin founded by US
President Donald Trump, is at the center of Controversy. At the time of
writing, the token was down 8% and 33% in the past day and week, respectively.
According to an exclusive report by Reuters, Trump’s
foray into cryptocurrency has proven lucrative for the entities behind his meme
coin, $Trump. Within just two weeks, the coin has amassed nearly $100 million in trading fees.
However, while major investors saw massive gains,
thousands of small traders reportedly ended up on the losing end. The situation
caused concerns over celebrity-backed crypto projects and their impact on the
broader market.
Official Trump ($TRUMP), Source: CoinMarketCap
A Rapid Rise and Fall
Launched on January 17, the $Trump token initially
surged more than $14 billion in market valuation as of January 19, just before
Trump’s inauguration. However, the rally did not last longer, and the coin has
since lost two-thirds of its value. Despite the downturn, the trading activity
has been intense, generating millions in fees.
Data from CoinMarketCap shows that in the past 24
hours, $TRUMP posted more than $2 billion in trading volumes. In the intraday
trading, the memecoin dropped as low as $17, a sharp contrast to its all-time
high of $74 at its debut.
According to blockchain analysis firms Merkle Science
and Chainalysis, the trading fees from $Trump transactions reached between $86
million and $100 million by January 30. The primary beneficiaries? The entities
behind the coin, including CIC Digital, a company owned by Trump.
The blockchain data shows that at least fifty of the
largest $Trump holders walked away with over $10 million each. However,
Chainalysis reported that approximately 200,000 crypto wallets, mainly
belonging to small-scale traders, suffered losses on the exchange where $Trump
was first sold.
Criticism and Controversy
Despite its financial success for some, the $Trump
coin has been widely criticized. Industry figures argue that Trump’s apparent
lack of involvement or understanding of the coin’s mechanics raises
concerns.
Critics argue that Trump’s involvement in a meme coin
undermines his previous promises to boost the crypto industry through
regulatory clarity. Trump has previously expressed interest in cryptocurrency,
notably making millions from NFT sales in 2022.
Meanwhile, the crypto world continues to watch $Trump
closely. Some believe it sets a dangerous precedent for political figures
leveraging their influence for financial gain, while others see it as a natural
evolution of digital assets.
Official Trump $TRUMP, the meme coin founded by US
President Donald Trump, is at the center of Controversy. At the time of
writing, the token was down 8% and 33% in the past day and week, respectively.
According to an exclusive report by Reuters, Trump’s
foray into cryptocurrency has proven lucrative for the entities behind his meme
coin, $Trump. Within just two weeks, the coin has amassed nearly $100 million in trading fees.
However, while major investors saw massive gains,
thousands of small traders reportedly ended up on the losing end. The situation
caused concerns over celebrity-backed crypto projects and their impact on the
broader market.
Official Trump ($TRUMP), Source: CoinMarketCap
A Rapid Rise and Fall
Launched on January 17, the $Trump token initially
surged more than $14 billion in market valuation as of January 19, just before
Trump’s inauguration. However, the rally did not last longer, and the coin has
since lost two-thirds of its value. Despite the downturn, the trading activity
has been intense, generating millions in fees.
Data from CoinMarketCap shows that in the past 24
hours, $TRUMP posted more than $2 billion in trading volumes. In the intraday
trading, the memecoin dropped as low as $17, a sharp contrast to its all-time
high of $74 at its debut.
According to blockchain analysis firms Merkle Science
and Chainalysis, the trading fees from $Trump transactions reached between $86
million and $100 million by January 30. The primary beneficiaries? The entities
behind the coin, including CIC Digital, a company owned by Trump.
The blockchain data shows that at least fifty of the
largest $Trump holders walked away with over $10 million each. However,
Chainalysis reported that approximately 200,000 crypto wallets, mainly
belonging to small-scale traders, suffered losses on the exchange where $Trump
was first sold.
Criticism and Controversy
Despite its financial success for some, the $Trump
coin has been widely criticized. Industry figures argue that Trump’s apparent
lack of involvement or understanding of the coin’s mechanics raises
concerns.
Critics argue that Trump’s involvement in a meme coin
undermines his previous promises to boost the crypto industry through
regulatory clarity. Trump has previously expressed interest in cryptocurrency,
notably making millions from NFT sales in 2022.
Meanwhile, the crypto world continues to watch $Trump
closely. Some believe it sets a dangerous precedent for political figures
leveraging their influence for financial gain, while others see it as a natural
evolution of digital assets.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
