Trump Cripto Pay Dai could actually be even bigger

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At least one group crypto enthusiasts made pretty good from the Presidency of Donald Trump: the trump themselves. On Friday we reported that the entities behind the official Trump Memecoin made summy In the first three weeks:

The Cripto Project of the CRIPTO project Donald Trump was at least $ 350 million from the boot of its memecoin, the wind that would probably encourage concerns about the conflict of interest arising from the tokens.

The whole thing is slightly Mind-Blacking.

Most money involved are still parked in liquidity pool: still supports the cost of a coin, which currently trades $ 11, but is their. It makes sense to support prices: stocks of 831MN $ Trump COINS still keep the Account Convered Accounts currently has a vague $ 9.3 billion.

All this for tokens that do. . . Nothing? Toward Official websiteThey exist as a “expression of support and engagement, ideals and beliefs embed the symbol” $ Trump “and the associated artwork”. But conditions tell us, they are “not political and have nothing to do with any political campaign or any political function.”

But let’s go back to that upper quote and apply you journalists of Weasel Word: We said that sales were worth it “At least” $ 350mn.

In the truth, they could be much more.

Our little maths on how much they made with 158mn tokens distributed through liquidity pools, characteristics on Blocchain Solani, which has so far consisted of more than 90 percent of token. What is the small group of missing tokens?

As we wrote:

They sent about 14.7 million trumps to 10 different exchange of cryptocurrency, including binion, bibit and coinbase.

We don’t know the terms where these little wedges were sent and – despite their smaller numbers – they could really matter.

The reason why the initial distribution of $ trump coins saw them sell them exceptionally Quick. Memecoiners had to make four large upper above in the first two hours to meet the coin demand in the main liquidity pool.

Prices were not just breeding through this process – they have increased. But that meant that huge most coins sold the scheme organizers when prices were, compared to what the next, pretty low.

The first 100 million tokens 158 million sold for $ 0.47 per token. Another trump account, who later joined the tail, earned $ 5.10 per token. And the third, who later followed later, earned $ 24.20 per piece.

Additional 14.7 million tokens were sent to exchanges from 9.41 of 18. January, point after which the lowest price is 11.23 dollars. We do not know about the conditions on which they are transferred – nor when or how the prices are fixed. These transfers could be delivered tokens complex much earlier at lower prices.

But 14.7 million tokens at that price would be another 165.1 million dollars. The amount could probably be even more: 4.5 million tokens transferred to bynance to the account when the price was above $ 60 per token.

When the journalists asked him about Trump, Trump said, “I don’t know much about it apart from that I moved it, besides, it was very successful.”

It’s hard not to get along.