U.S. President Donald Trump has likely earned over $802 million since launching his memecoin, according to Coinbase director Conor Grogan, who made this statement on his X account, reflecting on how far the memecoin has come.
The launch of the $TRUMP token was a sudden and highly controversial event that shook the cryptocurrency market.
On January 18, 2025, Donald Trump’s verified profiles on X and Truth Social unveiled the Solana-backed Oficial Trump $TRUMP memecoin. Trump declared, “It is time to celebrate everything we represent: VICTORY!” and encouraged the community to purchase the token.
Within just three hours, the token’s market cap skyrocketed to $8.3 billion, with its price reaching $8.41 on the Moonshot trading platform. This rapid rise led to immediate skepticism in the crypto industry.
While some questioned whether Trump’s accounts had been hacked, given the lack of official confirmation from his team beyond the social media posts, critics like venture capitalist Nick Tomaino expressed concerns that Trump controlled 80% of the supply, suggesting a predatory launch that could harm investors.
The TRUMP token itself had a total supply of 1 billion tokens, with only 200 million initially released, while the remaining 800 million were planned for gradual distribution over three years.
Amidst the excitement, scammers took advantage of the hype, flooding the market with over 127,000 fake TRUMP tokens across multiple blockchains. Investors were warned to verify contract addresses, avoid unverified exchange listings, and be cautious of phishing attempts and honeypot scams.
Read also: Circle CEO predicts major crypto reforms under President Trump
Backing his claim, Conor stated that the $TRUMP team has moved over $482 million worth of USDC, SOL, and TRUMP tokens to cryptocurrency exchanges, signaling high trading activity and profit-taking.
Despite these large transactions, he noted that they still hold $240 million in USDC, currently locked in out-of-range liquidity, meaning it is not actively being traded. Another $50 million remains in active trading, influencing the ongoing market dynamics of the TRUMP token.
Beyond direct holdings and trades, the team has earned over $29.3 million in fees from USDC transactions alone. These fees, generated from users buying, selling, and transferring TRUMP tokens, provide steady revenue without requiring them to sell core assets.
The full extent of Trump’s potential earnings could be even greater. His team still holds $16 billion worth of TRUMP tokens, and if they choose to sell even a fraction of these holdings, their total profits could rise significantly, potentially reshaping the token’s market value and investor sentiment.
