Crypto Exchanges Listed TRUMP Memecoin Faster Than Peers Amid Concentrated Supply Concerns

Key Points

1. TRUMP memecoin was listed on major exchanges like Binance, Coinbase, and OKX in just four days, compared to 129 days for peers like PEPE and BONK, facilitating immediate liquidity and trading volume.

2. 80% of TRUMP’s token supply is controlled by the Trump family, raising concerns about supply concentration risks despite high market demand.

3. Coinbase listed TRUMP within one day but blocked trading for New York residents following a warning from the NYDFS, highlighting regulatory constraints.

4. TRUMP’s trading activity generated $172 million in fees, with 45 wallets profiting $1.2 billion, while most investors faced collective losses exceeding $4.3 billion.

5. The token’s price declined by 78% from its peak, underscoring the high-risk, high-reward nature of memecoin trading.