President Trump’s Memecoin Generates Over $802 Million Since Debut
President Donald Trump’s memecoin has reportedly generated more than $802 million since its debut, according to Coinbase director Conor Grogan.
Project Team Funneled Over $482 Million to Exchanges
- The project’s team has funneled over $482 million worth of USDC, SOL, and TRUMP tokens to exchanges.
- $240 million in USDC sits in out-of-range liquidity, with an additional $50 million actively in range.
- Transaction fees alone have brought in over $29.3 million in USDC.
Profit Margin Potential and Retained TRUMP Tokens
Grogan suggested that the profit margin might be significantly higher as the project team still retains a substantial $16 billion worth of TRUMP tokens.
“Not counting Trump LP meteora fees or wallets I’m less sure of.”
Grogan’s estimates do not include Melania Trump’s meme token launch.
Token Value and Market Performance
This revelation highlights how profitable the President Trump token launch was. According to CryptoSlate’s data, the token’s value quickly spiked to a new all-time high of $75.35 following its introduction on Jan. 18.
However, it has been on a downward trend in recent days amid the broader crypto market volatility. The token has shed about 18% of its value during the past day to under $20, and its weekly losses now exceed 30%. The token is down 76% from its peak.