Analysis: The crypto seems to have become a cash machine for the Trump family

Mars Finance News, according to Jintai's report, although the Trump administration was more tolerant of crypto regulation compared to the Biden administration, analysts believe the crypto community seems to have become a cash machine for the Trump family. Meme coins have a simple issuance process, and if market interest surges, their prices can dramatically rise from near-zero levels, providing early buyers with massive profit opportunities. Crypto enthusiasts refer to accounts making large, early purchases as "snipers". According to U.S. financial regulations, meme coins are not considered securities, meaning project initiators are not bound by federal information disclosure and insider trading rules designed to protect retail investors. Statistics show that 16.7 million out of 200 million pre-sold MELANIA tokens were purchased by 24 potential "insider" accounts. As Trump announced that large holders would be eligible to attend White House dinners, TRUMP coin prices soared, making the 800 million TRUMP coins still held by project organizers nominally worth $9 billion. Foreign media previously tracked TRUMP-related transactions, revealing that issuers earned at least $350 million, including both token sales revenue and market-making fees. Blockchain analysis company Chainalysis disclosed that 58 wallets profited over $10 million from Donald Trump's meme coins, with total profits reaching $1.1 billion, while 764,000 wallets suffered losses from TRUMP, with most wallet holders being small-scale investors. Additionally, a 28-year-old crypto entrepreneur from Texas, Hayden Davis, stated he participated in MELANIA's issuance and also in LIBRA meme coin's launch, which briefly received endorsement from Argentine President Milei in February before evolving into a crypto scandal due to price spikes and crashes.