How did Trump make ₹6,000 crore while his supporters lost 6x as much on his memecoin?
Donald Trump made $636 million (₹6,000 crore) off his own memecoin, $TRUMP, while his supporters who invested in the memecoin lost six times as much, analytics firm Nansen reported. He did so by collecting returns whenever anyone traded his token, which he repeatedly pushed his followers to do. Trump's 10 lakh supporters lost $3.81 billion (₹36,200 crore) in $TRUMP.