TRUMP Memecoin Generates $172M for Crypto Exchanges
The Official Trump (TRUMP) memecoin, associated with former US President Donald Trump, has generated $172 million in trading fees for major cryptocurrency exchanges including Binance, Coinbase, and OKX within six months of launch. This demonstrates both the potential profitability and volatility of meme-based cryptocurrencies.
Unusually Fast Exchange Listings
Exchanges listed the TRUMP memecoin in just four days on average, compared to 129 days for similar assets like Pepe (PEPE) and Bonk (BONK). This rapid listing occurred despite concerns about supply concentration, with 80% of tokens held by the Trump team.
Significant Profit Disparity
- 45 wallets earned $1.2 billion from TRUMP trades
- Over 712,000 wallets lost $4.3 billion collectively
This highlights the high-risk nature of memecoin trading.
Regulatory Response
Coinbase listed TRUMP as an “experimental” asset but later restricted trading after warnings from the New York State Department of Financial Services (NYDFS) about memecoin risks including market manipulation.
Current Market Status
Despite peaking in January, the TRUMP memecoin has fallen 78% in value. Project operators reportedly earned $314 million from sales and $36 million in Solana fees during the first three months.
