The Trump Crypto Grift: $1.1 Billion for Insiders While 764,000 Everyday Investors Get Wiped Out

“You may not see it happening, but one of the biggest grifts in American history is unfolding right now — and it’s draining the wallets of everyday investors while Trump and his cronies rake in billions. If you don’t know about it yet, it’s time to wake up.”

Donald Trump’s crypto venture isn’t just another shady business deal, it’s a masterclass in self-dealing, conflict of interest and grifting on a grand scale. While 58 wallets owned by insiders have raked in over $1.1 billion in profits from Trump’s meme coin, 764,000 everyday investors are left holding the bag, drowning in losses, according to blockchain analytics firm Chainalysis.

Chainalysis revealed the alarming disparity: a tiny fraction of wallets, just 58, have made more than $10 million each from the $TRUMP token. That’s $1.1 billion in the pockets of insiders and Trump-connected entities, while 764,000 wallets, mostly small-time investors, have been wiped out. The numbers tell a stark story: 2 million wallets bought into the token, but nearly 40% of them lost money.

The real kicker? A hefty 80% of the token’s supply remains under tight control by Trump’s inner circle, all under the guise of a so-called vesting schedule. Translation: the rich get richer while everyone else gets robbed. And despite those tokens being technically locked, insiders are still pulling in massive profits. Since January, $324 million in trading fees have flowed directly to wallets linked to the project’s creators, a direct pipeline of wealth that keeps paying out, regardless of market conditions.

This isn’t the first time Trump has been accused of using the presidency as a personal ATM. But now he’s playing a digital shell game with the $TRUMP coin, manipulating its value through staged promotions on Truth Social and X, sending the price skyrocketing before it crashes, and making sure his cronies cash out while the rest are left to pick up the pieces.

Meanwhile, some lawmakers are finally waking up. The Senate’s Permanent Subcommittee on Investigations has launched a probe into the ownership and revenue model behind the $TRUMP token. And why wouldn’t they? With $324 million in trading fees funneled directly to wallets tied to the token’s creators, it’s a blatant abuse of power disguised as a financial venture.

The grift doesn’t stop there. A related venture, World Liberty Financial, is sending 75% of its revenue straight into Trump family coffers. The whole setup reeks of insider trading, but unlike Wall Street, the blockchain leaves a permanent, irrefutable record. And that record is damning.

This is more than a financial scandal, it’s a test of whether American democracy still has the backbone to hold a sitting president accountable for brazen self-enrichment. Trump and his enablers are running a crypto casino where the house always wins, and the rest of us lose.

What’s next? Congress must clamp down hard. Asset freezes. Full-scale investigations. Public hearings that lay out every sordid detail of this crypto con job. And if the evidence holds up, it’s time to start talking about criminal charges.

Mitch Jackson, Esq. | links

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