President Trump May Have Printed $800,000,000+ in Profits Since Launch of Official Memecoin: Coinbase Director
President Donald Trump could have already inked more than $800 million in income following the launch of his memecoin, according to Coinbase director Conor Grogan. The Official Trump (TRUMP) memecoin launched in mid-January a few days before Trump’s presidential inauguration. It is already the 40th-largest crypto asset by market cap. Grogan notes on the social media platform X that the project’s team has sent $482 million worth of the stablecoin USDC, Solana (SOL) and TRUMP to exchanges. He also says they hold $240 million of USDC in out-of-range liquidity and $50 million in range, and they’ve made $29.3 million in USDC fees. The Coinbase director also says he’s not including the $16 billion worth of TRUMP that the team still holds. “This $800 million+ liquidity event dwarfs even the Bored Ape Otherside launch ($285 million raised +$181 million in burned gas). And I’m not even including the Melania meme launch… Caveats:...