Coinbase director Grogan shared that former President Donald Trump and his team have amassed an impressive $802 million through the launch and liquidity events surrounding the TRUMP meme coin. This astonishing figure comes after the meme coin went live on January 18, 2025, and its subsequent rise in the crypto space.
Trump may have made $802m+ since launching his memecoin
— Conor (@jconorgrogan) February 3, 2025
-Team has sent $482M+ of USDC, SOL, and TRUMP to exchanges
-$240M of USDC is held in out-of-range liquidity + $50M in-range
-They have made $29.3M+ in USDC fees
Does not include $16B of TRUMP the team still holds pic.twitter.com/mxujlEmxj0
Details of Trump’s Earnings from TRUMP Coin
Since the launch, Trump’s team has transferred over $482 million worth of TRUMP, SOL, and USDC tokens to prominent crypto exchanges like Binance, KuCoin, and OKX. However, Grogan noted that while these tokens were moved to exchanges, it remains unclear whether they have been sold. In addition, the team has about $240 million worth of USDC stashed in out-of-range liquidity pools—meaning the assets aren’t actively tradable due to price movements. Another $50 million in USDC is sitting in active liquidity pools.
Grogan also revealed that Trump’s team earned $29 million in USDC from liquidity fees alone. These figures are likely conservative, as Grogan excluded earnings from other wallets, Meteora liquidity pools, and additional fees. Notably, the $16 billion worth of TRUMP tokens held by Trump’s team was not factored in.
Surpassing Bored Ape’s Record-Breaking Profits
The earnings from TRUMP’s launch far surpass those of the Bored Ape Yacht Club’s Otherside launch, which raised $282 million, along with an additional $181 million in gas fees. If Grogan’s numbers hold true, TRUMP stands as one of the most profitable meme coin launches in cryptocurrency history.
TRUMP’s Market Correction and Investor Profit
Despite its meteoric rise, TRUMP has recently seen a significant correction. After peaking at $75.35 on January 19, 2025, the coin has plunged 75.95%, now trading at $18.34, with its market cap slumping to $3.77 billion. However, early investors who bought at $0.1824 are still in massive profit, showing the enduring appeal of the TRUMP meme coin, despite its recent dip.
Also Read: Crypto Bloodbath: Ether and Altcoins Plunge Over 20% as Trump’s Tariffs Shake Markets
This remarkable journey underscores the power of celebrity-driven cryptocurrencies in reshaping the digital economy.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.