The early Cripto Traders had a quick profit from the Trump coin while others suffered losses

The curious trade He came a little at 9 p.m. January 17 – January – $ 1,096,109 influence less than two minutes after the United States president at his social media account that his family betrayed cryptocurrency called $ Trump.

In these first minutes, the crypto wallet with a unique identification code with the beginning of 6KC2CKS provided a giant load of these new tokens – 5,971,750 from them – On the opening of the sales price 18 cents Anyone, starting from rising price $ Trump price that would get up to $ soon75 per token.

This early trader, whose identity is unknown, goes with a two-day profit of as much as $ 109 million, according to the analysis performed for the New York Times.

But fast earnings for early merchants, whose names are unknown, but some one they look headquarters in ChinaThere was a distant number of slower investors who cumulatively suffered more than 2 billion dollars after the cost of the tokens.

In addition to the middle of this week, more than 810,000 wallets lost money on a bet, in accordance with the examination that the CRIPTO Forensic firm charancis was performed for the New York Times. Total losses are almost certainly much greater: data does not include transactions that have occurred in a row popular crypto Marketplaces who started offering a coin only after its price has already increased.

Price $ Trump hovered around $ 17 this week, Less than a quarter of their maximum value of $ 75.

Did people make or lose money, it was a star job for trumps. Almost $ 100 million in trade fees moved to family and its partners, although most of this have not yet been cashed, they show that the sprocket data is.

President Trump was three days ago, after open, activating the rapid rugs that has now set up broader issues about speculative hazards from the so-called memo, the type of cryptocurrency based on online mascot online.

He promoted a coin on his own social media platform, as well as Elona Musk KS, Speaking: “Join my very special Trump community. Now get your $ Trump now.”

The chain of events is difficult to be surprisingly, several former state and federal financial regulators said.

It is an effective part of the design of the entire Memecoin industry, which is legal, but largely unregulated. Trading was built on large early purchases with sophisticated retailers, only to sell their farms as fewer experienced orders to monitor their leadership and buy and often at the end, and often at the end of the loss.

What makes this situation especially worrying, whether Trump Family profit from this exploitation sample at the same time when Mr. Trump moves rapidly that the sudden bathes to crypto brings the National Bank to the crypto agencies.

“The President participates in shady crepticological schemes, at the same time the appointment of financial regulators and who can also exit his family from execution,” Corey Frayer recently left the Filigue Advisor’s function for securities and replacement.

The $ Trump losses were very real hundreds of thousands of investors, including some who are vocal supporters Mr. Trump.

In days before Mr. Trump swore, Shawn M. Whitson, 40, from the walnut bay, NC, the owner of a small computer repair, celebrated Mr. Trump’s return to the White House. “We give us our country back today!” Mr. Whitson wroteWith Mr. Trump’s photo, inauguration day. And also honey expressed That $ Trump rose in price.

But by the end of January, Mr. Whitson is hardened. “All with that $ Trump shit” he wrote in publishing social media. Mr. Whitson, reached Friday Friday, expressed disappointment. “That coin is a joke.”

Over the past six months, President Trump and his sons made a number of aggressive predictions in the crypto industry. As Mr. Trump promoted Crypto on the trail of the campaign, he also helped to take a company’s financial financial freedom, which offered a digital currency in the amount of VLFIs in certain rich investors with experience in financial markets.

Last week, Trump Media & Technology Group, Member of the Social Media Platforms of Lord Trump, Truth Social, announced to proceed to the financial services industry creating a brand known as Truthfi This will offer investment products related to Bitcoin.

The Chief CEO of Trump Media, Devin Nunes, called offers “Competitive alternative to variable funds and problems against diseases you find throughout the market”.

But the debut from Trump Memecoin is the first time Trump family sold a new crypto token directly into ordinary investors.

At the request of time, Cripto experts reconstructed some of the early shops of Customer G. Trump token, exploring their profits and how, after the initial customers began to throw their farms, returned the price of $ Trump other investors.

CRIPTO transaction records performed forensic firms executed Nansen and Chain As from Molly White, an independent crypto researcher who is often critical to the industry. The data was then viewed in times.

This form of large, fast customer who enter and sells outside its men’s farms is part of the reasons that state regulators in New York Recently warned consumers About these offers, saying that “creators or their co-workers are artificially inflated the price of coins, and then quickly sell their own coins in an inflated price, achieving significant profit, causing the price to crash.”

New York regulators called these maneuvers “” pumps and pump scams “and said they could leave customers late with great losses.

No evidence has appeared that Mr. Trump or his associates were artificially inflated the price of coins or engaged in insiders trading. He asked about early retail trade and taking profits, the president’s middle son, Eric Trump, refused to comment.

Begin

In the crypto world, each transaction was recorded in a publicly visible book known as a block. Usually people’s names make stores remain hidden, and each account has only been identified only by long chain of letters and numbers.

Blockcack allows the crypto analysts to return and look at new bids and decipher what each wallet – when he first invested, when he had invested, when he transferred tokens, and which were a final gain and loss to be played for each a play. This analysis can also point out anomalies in stores asking questions.

For example, BlocCchain Records show that it was a token $ “Forced” at 9:01. Eastern time 17. January, creating the so-called address of the contract. Mr. Trump did not announce another 12 hours.

But the account behind the first major public purchase – a bet of 1,096,109 USD – was created for about three hours Before Mr. Trump was launched a coin, an analysis of the public CRIPTO Transactions Records was found. That was filled That evening with virtual currencies, seemingly ready to bump into a new offer.

The time and the fact that the wallet received his funding before Mr. Trump was launched, He immediately drew skepticism From the crypto analyst who speculated that the trader acted in the interior of the information.

In the crypt’s world, collect the person behind the store is sometimes impossible. It is common for people to put great and sometimes distrustful claims about social media before suddenly disappearing, aggravating amateur investors to distinguish legitimate investments than fraud.

This month is a KS account that it claims to be a crypto trader in Dubai name after Sied Sameer, he announced that he owned one of the wallets who organized the first Giant Trump’s Trump Trump worth of $ 1.1 million.

Mr. Sameer, who also claimed that the investor in World Freedom is financially, it was subsequently charged on x Use of insider information to enter the token in Trump $.

But testing in times found inconsistencies in receivables on Mr. Sameer’s website and X account. After facing these questions, Mr. Sadeer said in the messages on the Telegram Chat App Telegram that he didn’t actually control his wallet.

Mr. Sameer lied about it “for worship, to be honest with you,” he said. “I know it’s stupid and childish, but yes, I messed up.”

Happy 31

What is clear, based on the blockchain records, is that the person who stands 1.1 million dollars among the Hords of professional traders who quickly redemptions and then sell new memes, trying to cash into speculative downstood.

After purchasing, the account owner then quickly moved to sell coins, generating a winnings of at least 50 million dollars, according to the analysis of the transaction by Aurelie Barteo by Nansen. Further sales brought overall profit to $ 109 million, according to Mrs. White review.

The other large $ Trump store also drew attention, including one merchant who began to buy a coin about two minutes after it was launched. Merchant then sell You $ Trump Token in less than half an hour, with a net profit of $ 2.7 million, BlocCchain emissions.

Just below 700,000 wallets have been recorded in winning benefits to $ Trump, exam in amount shows. Early trades are some of the most profitable: 31 of these large early traders earned $ 669 million in earnings in a few days, in accordance with Nansen analysis.

But for every winner there were even more losers.

In the first 19 days of trading, a total of 813,294 wallets has been registered with losses, by reducing loss or keeping in coins.

Losers – Those who paid more for a token than now valuable – cumulatively lost $ 2 billion, in actual or losses of paper. However, many of these merchants are kept with their chips who lose money, it may hope the price will increase again, the data show.

The profit mainly provides wound customers were huge: a total of $ 6.6 billion in the amount in the amount in the amount.

This is a famous pattern for crypto traders. Several weeks before launching $ Trump, some same wallets who bought the president’s token too traded Memecoin was invited Havk Tuahwhich promote by the impact on the social media impact Haliei Velch.

Kovanica Havk Tuah increased in December after the first time introduced to market capitalization of $ 490 million, and then crashed to $ 10 million this week, leaving thousands of investors to losses and Generating the lawsuit By claiming that it “created speculative anger” and violated the federal law. (Mrs. Welch he said on x that it “fully cooperated and committed to help the legal team that represents individuals influence.”)

“This is similar to the sports betting or gambling,” said Gareth Rhodes, a former deputy superiors at Stejski department in New York, which helps in regulating Crypto industry and other financial services companies. “A fair customer in their funds does it at risk not to lose the most, if not all that with hope is a repayment of POTA.”

Sheelagh McNeill The research contributed.