Trump Meme Coin Launch May Have Earned the Former U.S. President and His Team Over $800 Million

According to an X post today, Grogan indicated that Trump and his team earned $802 million through TRUMP-related transfers, liquidity events, and fees.

Coinbase Director Conor Grogan has suggested that U.S. President Donald Trump and his team may have earned over $800 million following the launch of the TRUMP meme coin.

According to an X post today, Grogan indicated that Trump and his team earned $802 million through TRUMP-related transfers, liquidity events, and fees.

The Coinbase director arrived at this figure by analyzing on-chain data, specifically focusing on transactions involving TRUMP tokens from January 18 to March 13, 2025. Grogan highlighted that his analysis excluded earnings from other wallets, Meteora liquidity pools, and fees, as well as the $16 billion in TRUMP tokens still held by the Trump team.

Breaking down the earnings, Grogan's analysis showed that the Trump team moved over 482 million in TRUMP, SOL, and USDC to crypto exchanges Binance, KuCoin, and OKX. However, Grogan noted that it's unclear whether these tokens were sold upon being sent to the exchanges.

Furthermore, the analysis revealed that the team has about $240 million USDC in out-of-range liquidity pools, with an additional $50 million USDC in range pools.

To provide context, an out-of-range pool indicates that the liquidity isn't actively tradable because the asset's price has exceeded a specific range set by the liquidity provider. On the other hand, range liquidity is actively tradable within the specified range.

Additionally, Grogan highlighted that the Trump team earned a substantial $29 million USDC in fees earned from liquidity provision.

These earnings are notably higher than the figures recorded during the Bored Ape Otherside launch, according to Grogan. During that event, the initiative raised $282 million, with an additional $181 million in gas fees burned.

If accurate, this would make the TRUMP meme coin one of the most successful launches in the crypto industry.

Coinbase Director Conor Grogan has been tracking and commenting on various aspects of the TRUMP meme coin. Following its launch, Grogan raised concerns about the token's allocation, including the team locking 80% of TRUMP supply in a multi-sig wallet and adding a single-sided liquidity of $40 million.

TRUMP has experienced a significant correction since peaking at an all-time high of $75.35 on January 19, 2025. At the time, the token's market cap reached an impressive $14.77 billion.

However, as of March 14, TRUMP has plunged 75.95% from its ATH, trading at $18.34 with a market cap of $3.77 billion. Over the past 24 hours, at the current price, TRUMP is down by 12.34%, and over the past week, it has decreased by 28.09%.

Despite this drop, early investors who acquired TRUMP at its opening price of $0.1824 are still in substantial profit.