TRUMP Meme Coin Early Investors Could Have Made $4,200 From a $10 Investment, SlotsSpot Report Shows

The TRUMP meme coin, launched ahead of the presidential inauguration, quickly gained popularity, reaching a fully diluted market cap of $73 billion

A new analysis by SlotsSpot.com reveals the potential earnings early investors in Donald Trump‘s meme coin could have realized.

According to the report, an initial investment of $10 could have been sold at the token’s peak for over $4,200.

However, the report also highlights the high risks and volatility associated with such assets.

The TRUMP meme coin was launched ahead of the presidential inauguration and quickly gained popularity, reaching a fully diluted market cap of $73 billion and a trading volume of $30 billion in the first 48 hours.

The token began trading at a price below $1, with an early low of around $0.18, which then saw a rapid surge to an all time high of around $77 just two days after it was released.

Investors who bought at the initial price of $0.18 and sold at the $77 peak could have profited $76.82 per token, according to SlotsSpot.com.

The report provides calculations for what a low initial investment could have yielded, stating that “Investing $10 at $0.18 would allow for the purchase of 55.56 tokens. Selling them at $77 would yield $4,277.78, resulting in a net profit of $4,267.78.”

An earlier analysis by Benzinga showed that a $100 investment in the token at $0.18 would be worth over $426,000 at the token’s peak price of $77.

An investment of $50 would have resulted in a profit of $21,338.89, an investment of $100 could have resulted in $42,677.78 in profits, and an investment of $1,000 could have led to a profit of $426,777.78.

Despite the high profit potential, the report stresses that the TRUMP token is, like most meme coins, subject to significant volatility.

The token’s price has already fallen to around $27 at the time of the report's writing, showcasing the high level of uncertainty that comes with investing in a meme coin.

The launch of the token was facilitated by CIC Digital, an entity linked to the Trump campaign, which had earlier launched branded NFTs and merchandise.

A recent report by Bernstein said that 80% of the total supply of the token was held by insiders linked to CIC Digital.

The report noted that this was a source of concern and highlighted the risks that, because of the large supply of tokens held by insiders, they may use it to “dump on other investors.”

“Given how fast the token reached a stratospheric market value, the 80% supply held by insiders does create some pressure on its market value,” the report said.

While the initial response from the crypto community has been positive, this also signals that this may lead to further regulations of the crypto space in the future, as the report says that a major political figure using crypto as a tool, “may lead to new regulations.”