Trump memecoin made $172M for crypto exchanges — Report

Key Points

1. The TRUMP memecoin generated at least $172 million in trading fees for 10 crypto exchanges, including Binance, Coinbase, and OKX.

2. Exchanges listed TRUMP on average four days after launch, compared to 129 days for other major memecoins like Pepe, Bonk, and dogwifhat.

3. 80% of TRUMP's supply was held by the Trump family and its partners, a risk factor some exchanges disregarded due to high demand.

4. 45 crypto wallets profited $1.2 billion from TRUMP trades, while 712,777 wallets collectively lost at least $4.3 billion.

5. Coinbase listed TRUMP in one day, citing confidence in user safety, but later blocked trading for certain U.S. residents due to regulatory concerns.