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Meme coin TRUMP has generated $172 million in transaction fees for 10 exchanges
Odaily News Trump-themed meme coin TRUMP generated $172 million in transaction fees for 10 exchanges. The token was listed on exchanges in an average of only 4 days after its launch, which is much lower than the average review period of 129 days for similar tokens. Coinbase decided to go online in just 1 day, but banned New York State residents from trading to avoid local regulatory risks.
Data shows that 80% of the supply of TRUMP tokens is held by the Trump family and its partners. 45 wallets have made a profit of $1.2 billion through transactions, while 712,000 wallets have lost a total of more than $4.3 billion. The token has fallen 78% since hitting an all-time high in January. (Cointelegraph)
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