Data: The Meme coin TRUMP has generated $172 million in trading fees for 10 exchanges

ChainCatcher news, according to Cointelegraph, the Trump-themed meme coin TRUMP generated $172 million in trading fees for 10 exchanges. The token was listed on exchanges just 4 days after its launch, significantly lower than the average review period of 129 days for similar tokens. Coinbase decided to list it in just 1 day but prohibited New York residents from trading to avoid local regulatory risks.

Data shows that 80% of the TRUMP token supply is held by the Trump family and their partners, with 45 wallets profiting $1.2 billion through trading, while 712,000 wallets collectively lost over $4.3 billion. The token fell 78% after reaching an all-time high in January.