TRUMP, the official memecoin of US President Donald Trump, will launch an NFT marketplace in which “TRUMP Points” will be used.
According to data obtained from an information leak on the official website, on this platform, users will be able to buy and sell NFTs with cryptocurrency or “loyalty points.” Loyalty points can be earned by trading, completing tasks initiated by the platform, and potentially holding TRUMP tokens.
An official statement has not been made on the subject yet.
Launched three days before the president’s inauguration, the token has made significant gains, especially for large investors. According to analysis by Inca Digital and Bubblemaps as of May 8, more than 60 large wallets have made a total of approximately $1.5 billion in profits. $48 million of this profit came after Trump hosted a dinner in April.
Inca Digital noted that at least two prominent investors in the TRUMP token have made profits exceeding $10 million. Additionally, 15 investors have made profits exceeding $1 million each.
But the flip side of the coin is less bright: Around 600,000 wallets lost a combined $3.87 billion. According to Bubblemaps data, $117 million of that loss occurred after Trump announced the dinner invitation on social media. And because most of these purchases were made on the secondary market, the Trump family only made a limited amount of fees from these transactions.
*This is not investment advice.
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