Analysis: Trump has generated at least $11.4 million in expenses for Trump-related entities since its launch

Odaily Planet Daily News According to the analysis of Gauntlet, a crypto risk modeling company, Trump's Meme coin TRUMP may have generated at least $11.4 million in fees for entities related to the president since its launch before the inauguration.
Gauntlet co-founder and CEO Tarun Chitra said in an interview that CIC Digital LLC and Fight Fight Fight LLC earned fees by sending liquidity to the Meteora platform to support TRUMP transactions. Gauntlet tracked all fees collected from the TRUMP liquidity pool on Meteora, and most of the liquidity was provided by entities related to Trump.
Chitra said that TRUMP "basically generated fees similar to those of the most prosperous period of Meme coins." It is worth mentioning that the actual fee income may be much higher, because a large amount of TRUMP was also quickly sent to exchanges such as Binance and OKX, but it is difficult to calculate the corresponding profit. (Bloomberg)