Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

In the world of cryptocurrency, meme coins have captured the spotlight, with projects popping up left, right, and centre. These quirky, meme-driven assets, often fuelled by hype and community engagement,

Speculative meme coin funds will test the Securities and Exchange Commission’s boundaries under President Trump.

The coin – officially called $Trump – briefly ascended into the top 15 cryptocurrencies by market capitalization and attracted over a half-million buyers.