According to Coinbase director Conor Grogan, President Donald Trump could have had more than $ 800 million in income after the launch of his memecoin.
The official Trump (Trump) Memecoin launched mid -January a few days before Trump’s presidential inauguration.
It is already the 40th largest crypto-active per market capitalization.
Grogan notes On the social media platform X, the team of the project $ 482 million has sent to the Stablecoin USDC, Solana (SOL) and Trump to exchange. He also says that they have $ 240 million USDC in liquidity outside of reach and $ 50 million in reach, and they have earned $ 29.3 million from USDC costs.
The Coinbase director also says that he does not take the $ 16 billion in Trump that the team still contains.
“This $ 800 million + liquidity event dwared even the Bored Ape otherside launch ($ 285 million collected + $ 181 million in burned gas). And I don’t even take the launch of Melania Meme …
Subject: They may not have sold all the crypto they have sent to exchanges, but I am also quite conservative in other areas (for example, not counting Trump LP Meteora costs or portfolios that I am less sure of). “
Trump acts at $ 19.28 at the time of writing. The controversial memecoin has risen by more than 12.5% over the past 24 hours, but has fallen by more than 36% in the last seven days.
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Generated image: midjourney