Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks, according to estimates from three blockchain analysis firms, a large windfall from a venture that has seen tens of thousands of small traders lose money.

It includes an image of him raising his fist in the air and the words "fight, fight, fight" — a reference to his reaction after an assassination attempt last July. The token is marketed as "a piece of history," with Trump described as "the crypto president."

When it comes to the most recent performance of these two cryptocurrencies, Donald Trump's official meme coin stands at USD 18.99, marking a 30.45 per cent decline in the past 7 trading days. However, in the most recent trading session, the crypto gained close to 1.61 per cent in value.

The entities behind President Trump's crypto meme coin have made about $100 million in trading fees in less than two weeks. This is according to a Reuters report quoting estimates from three blockchain research businesses.

Trump’s meme coin, $TRUMP, and Melania Trump’s coin, $MELANIA, plunged as the news agitated markets worldwide, according to Axios. $TRUMP — unveiled days before his inauguration — saw its value drop by 18% just over the last day. It's now down to $17.50 per token, compared to a peak of $72.62 the day before his swearing-in.

The $Trump memecoin, launched by Donald Trump just a few days before stepping into the White House, raked in nearly $100 million in trading fees in under two weeks. Since then, tens of thousands of small traders have suffered losses.