Trump Allegedly Earned Over $800 Million from Memecoin Launch

Donald Trump's memecoin, officially launched in mid-January ahead of his presidential inauguration, has reportedly generated significant income, potentially surpassing $800 million, according to Coinbase director Conor Grogan.

The Official Trump (TRUMP) coin has rapidly gained traction, now ranking as the 40th-largest cryptocurrency by market capitalization.

Grogan shared details of the coin’s activity on the social media platform X, revealing that the project’s team has moved over $482 million worth of assets, including USDC, Solana (SOL), and TRUMP, to exchanges.

They also hold $240 million in USDC in out-of-range liquidity and an additional $50 million in range, along with generating $29.3 million in fees from USDC transactions.

READ MORE:

Altcoin Surge Is Imminent as Bitcoin Dominance Hits Its Peak, Analyst Suggests

Additionally, Grogan pointed out that the team still holds an impressive $16 billion in TRUMP tokens. He emphasized that this liquidity event significantly exceeds even notable crypto launches, such as the Bored Ape Otherside, which raised $285 million and saw $181 million in burned gas.

However, Grogan noted that the figures could vary, as not all crypto moved to exchanges may have been sold, and certain other earnings—like fees from Trump LP meteora and less verified wallets—were not included in his estimates.

Alexander Zdravkov