Trump's $TRUMP memecoin transferred $3.8 billion from roughly 1 million retail buyers directly to the president. Trump himself cleared $636 million. The math is simple and the direction is one-way.
The analysis, covered by TechCrunch, quantifies what memecoin skeptics predicted: a concentrated wealth extraction event dressed as a cultural moment. The specific figures, 764,000 net losers against one primary beneficiary, make this worth reading beyond the headline.
This is not a cautionary tale about crypto volatility. It is a documented case study in asymmetric information, political celebrity, and who actually holds exit liquidity. The full breakdown of timing, wallet concentration, and profit windows explains the mechanism, not just the outcome.
[READ ORIGINAL →]