The first crypto traders had a rapid profit on Trump’s play because others have suffered losses

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THE curious business came a little after 9 p.m. on January 17-a bet of $ 1,096,109 less than two minutes after the next President of the United States published on his social media account that his family had published a cryptocurrency called $ Trump .

During these first minutes, a crypto portfolio with a unique identification code starting 6qSC2CX obtained a giant load of these new tokens – 5,971,750 of them – at the opening sale price 18 cents Everyone, starting a wave in the price of $ Trump which would soon reach $75 per token.

This first trader, whose identity is not known, left with a two -day profit up to $ 109 million, according to an analysis carried out for the New York Times.

But the rapid benefits for the first traders, whose names are unknown, but some of which seem to be Based in Chinacame to the detriment of a much higher number of slower investors who cumulatively underwent more than $ 2 billion in losses after the price of the token was crashed.

In the middle of this week, more than 810,000 portfolios had lost money on the bet, according to an examination that the crypto-criminalized criminalic firm carried out for the New York Times. Total losses are almost certainly much more important: data do not include transactions that have taken place on a series of popular crypto The markets that started to offer the part only after its price has already increased.

The $ Trump price has hovered $ 17 this week, Less than a quarter of its cutting -edge value of $ 75.

Whether people earn or lose money, it was a stellar matter for the Trumps. Nearly $ 100 million in negotiation costs have circulated to the family and its partners, although most of this has not yet been cashed, according to chain chain data.