Tech
President Trump’s memecoin made 58 lucky crypto holders $10 million+
President Donald Trump's cryptocurrency $TRUMP has been called a "conflict of interest," a "constitutional crisis," and blatant "corruption."
However, for 58 cryptocurrency wallets, Trump's memecoin has been quite profitable, according to CNBC.
This week, CNBC shared data from blockchain analytics firm Chainalysis, which states that 58 cryptocurrency wallets have made more than $10 million from investing in the $TRUMP coin. In total, these wallets have made $1.1 billion in gains. At the same time, hundreds of thousands of crypto wallets have lost money on the Trump memecoin.
It should be noted that this does not necessarily mean that 58 people have made millions off of Trump's cryptocurrency, as one individual can hold multiple crypto wallets. It's unclear who holds these crypto wallets.
A recent analysis from Bloomberg found that 19 of the top 25 $TRUMP memcoin holders who registered on the $TRUMP website leaderboard have their holdings in foreign exchanges that prohibit U.S. customers. Of the top 220 $TRUMP holders on the leaderboard, 76 percent of them used similar foreign exchanges.
Earlier this year, a report found that Trump and his companies had already made around $100 million from $TRUMP off of trading fees alone. Now, Axios puts that number at $320 million.
Of course, not everyone is making money off of $TRUMP.
The Chainalysis report found that 764,000 out of around 2 million crypto wallets that have held the memeocoin lost money on $TRUMP. A report from The New York Times in February found that $TRUMP holders had lost around $2 billion total at the time.
Trump and his companies, which control most of the $TRUMP supply, launched their memecoin the Friday before his presidential inauguration in January. $TRUMP quickly skyrocketed overnight and reached highs of more than $70 the next day. However, the value of $TRUMP has plummeted since then. $TRUMP currently sits at around $10.
Last month, in an attempt to seemingly boost the value of the memecoin, Trump announced that the top 200 $TRUMP holders would be invited to a dinner with the president. Around $100 million $TRUMP tokens were bought on crypto exchanges following the dinner announcement, according to The Washington Post. As a result, Trump's crypto companies further profited off of the subsequent boost in trading fees due to the surge of activity.
Mashable reached out to Chainalysis to confirm the accuracy of the $TRUMP report; we'll update this story if we hear back.
SAVE $50: As of Aug. 6, buy the Samsung Galaxy Watch8 for $349.99 at Best Buy and get a free $50 e-gift card.
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A good smartwatch can be your constant companion when it comes to handling your day. It can track your fitness, handle notifications and texts, and even help you make calls, all while giving you a full spectrum of body-centric metrics. If you're already using an Android phone or want a reliable brand for your purchase, you should consider heading to Best Buy to grab a Samsung smartwatch and get a little extra.
As of Aug. 6, buy the Samsung Galaxy Watch8 for $349.99 at Best Buy and get a free $50 e-gift card.
The 2025 Galaxy Watch8 has a slew of features, including Google Gemini integration, something Samsung managed to get before Google could implement in its Pixel Watch lineup. It also has a wide variety of health and fitness options, including preset workout data, sleep tracking, heart rate monitoring, and much more to help you make sure you can face the day at your best.
Beyond those things, the Galaxy Watch8 also lets you handle comms straight from your wrist so you can make calls, text, use some of your favorite apps, and organize your life. Your personal AI assistant is voice-activated as well, so it can help you get things done even when your hands are busy.
You'd think Android and YouTube would work together flawlessly, but early this week, that wasn't the case.
As reported and confirmed by 9to5Google, YouTube users on Android devices couldn't change the playback speed on videos. Changing the speed to anything other than 1x would simply not work, as the setting change wouldn't save, acting as if you hadn't done it at all. Obviously, that's not a great user experience, considering that Android and YouTube are both Google's responsibility. It seems a bit strange for Android users specifically to lose access to a core YouTube feature, but that's what happened.
Thankfully, it seems that as of Wednesday morning, the issue has been fixed, per a YouTube community note. The note states that any users still experiencing the issue should simply close and reopen the app. Hopefully, by doing that, you can fix the problem and get back to frame-by-frame analysis of movie trailers at 0.25x speed.
For once, it paid off to use a Google app on iOS instead.
On top of directing horror hits Get Out, Us, and Nope, Jordan Peele has produced several exciting genre projects, from Dev Patel's Monkey Man to Nia DaCosta's Candyman, which he also co-wrote. Next up on his production slate is the football horror film Him, directed by Justin Tipping.
Co-written by Skip Bronkie, Zack Akers, and Tipping, Him introduces promising young football star Cameron Cade (Tyriq Withers). Not only does Withers have acting experience from projects like I Know What You Did Last Summer and Atlanta, he was also part of Florida State University's 2017 football team as a wide receiver. Hopefully his experience playing was nothing like Cameron's in Him, though, because the trailer makes it out to be a full-on nightmare.
After suffering a traumatic brain injury at the hands of an unhinged fan, Cameron thinks his football dream is dead. But when his hero, legendary quarterback Isaiah White (Marlon Wayans), offers to train him at his personal compound, he's excited to accept.
However, Isaiah's training methods are far more violent than Cameron realized. (And football is already pretty violent!) We're talking smashing footballs into players' faces until they bleed as punishment.
But that's just the start of the horrors that await in Him, which demands that Cameron sacrifice everything to be the GOAT he so badly wants to be. Check out the unsettling trailer above.
Him also stars Julia Fox, Tim Heidecker, Jim Jefferies, and MMA fighter Maurice Greene, as well as hip-hop artists Guapdad 4000 and Tierra Whack.
Him hits theaters Sept. 19.
Buy the Samsung Galaxy Watch8 at Best Buy and get a free $50 e-gift card
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