Trump's Meme Coin Nears $100 Million in Trading Fees as Small Traders Lose

Reuters reporting, later cited in a Senate investigation, tallied nearly $100 million in trading fees generated by the $TRUMP memecoin — revenue flowing to Trump-tied entities on every buy and sell regardless of price direction. The fee machine meant the president's operation profited from the churn itself: retail buying the dip, selling the panic, buying the dinner-fueled bounce, each round trip paying the house. Unlike a classic pump-and-dump, this structure did not require the price to go up — only for the faithful to keep trading.