Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
TRUMP Trump\'s personal lawyers team has attracted new attention
Blockchain data shows that nearly 1 million \"Official Trump (TRUMP)\" minicoin buyers have lost a total of US$3.8 billion, making Donald Trump\'s personal lawyers team closely watched.
Core Data
Analytics firm Nansen found that as of June, a total of 988,905 TRUMP buyers (about two-thirds) had a combined loss of US$3.81 billion. Trump disclosed that the token generated $636 million in revenue, which was part of his approximately $1.4 billion in cryptocurrency gains last year. New reports show that his personal legal team operates in an unusually independent manner and has even filed lawsuits against the government he leads.
Trump\'s legal team under review
After a number of well-known lawyers, Trump now relies on a group of lesser-known civil litigation lawyers who are willing to make arguments that other lawyers reject. The team has sued reporters, filed legal proceedings against Trump\'s government agencies, and secured multimillion-dollar settlements from companies such as ABC, YouTube and Paramount. Long-time consultant Boris Epstein is described as a core figure in the team, managing client relations rather than court matters.
This independence is now in conflict with a disturbing array of data. Analyst firm Nansen found that as of the end of June, approximately 988,900 wallets (approximately two-thirds of buyers) had lost money on the token, bringing a total loss of US$3.81 billion (including book losses). Trump disclosed in a June 29 filing that the memin generated $636 million in revenue, which was part of the approximately $1.4 billion in revenue he earned from cryptocurrency projects last year. Records show that entities associated with his family hold about 80% of the token supply and collect fees from each transaction, so he makes a profit regardless of price rise or fall. Nansen conducted the same analysis of another family project, World Free Finance, and found that 85% of traceable wallets were at a loss.
Experts question the legitimacy of the president\'s cryptocurrency earnings gap
and this is the key. Federal ethics rules do not prohibit sitting presidents from profiting from digital assets when their government formulates cryptocurrency policies, while conflicts of interest rules that apply to cabinet members fully exempt presidents. Legal scholars agree that the arrangement is legal under current law, and the White House denies there is any conflict of interest.
But critics are still pressing. Texas Rep. Al Green accused the president of running a legalized Ponzi scheme at a June hearing, while investor Nicholas Pinto (who lost about half of his $500,000 position) called the token \"near-legal fraud.\" Senator Elizabeth Warren urged lawmakers to include the president\'s cryptocurrency profit ban in the CLARITY Act.
The token\'s own history explains the anger. TRUMP was launched three days before the inauguration ceremony in January 2025. Within a few days, TRUMP surged to US$75.35 due to surge in retail demand. However, the current trading price is close to US$1.76, down about 97%, and its market value has shrunk from US$27 billion to less than US$400 million. Nansen data shows that nearly $4 billion in proceeds went to about 500,000 wallets, most of which were early buyers and automated traders who quit before retail investors entered.
