Trump Made Over $800M from TRUMP, Alleges Coinbase Director

Coinbase Director Conor Grogan estimates that President Donald Trump and his team may have profited over $800 million from the launch of the TRUMP meme coin.

In a February 3 post on X (formerly known as Twitter), Grogan detailed that the gains—totaling $802 million—stem from TRUMP-related transfers, liquidity events, and associated fees.

Trump’s Profits

Since the TRUMP meme coin's launch on 18 January, Trump’s team has transferred over $482 million in TRUMP, SOL, and USDC to exchanges like Binance, KuCoin, and OKX.

However, Grogan noted that while these tokens were sent to exchanges, it remains unclear if they have been sold.

Additionally, Grogan highlighted that the team holds approximately $240 million in USDC within out-of-range liquidity pools—meaning the liquidity is inactive due to price fluctuations—while another $50 million USDC remains in actively tradable pools.

Beyond these holdings, Grogan estimated that Trump’s team has earned $29 million in USDC from liquidity provision fees.

He also suggested that total profits could be even higher, as his analysis excludes earnings from other wallets, Meteora liquidity pools, and additional fees.

Notably, he did not factor in the $16 billion worth of TRUMP tokens still held by the team.

This is not even counting in Melania’s token launch.

TRUMP’s Earnings Beat Bored Ape Otherside Launch

The TRUMP meme coin launch reportedly generated more profit than the highly anticipated Bored Ape Otherside launch.

According to Grogan, the Otherside event raised $282 million, with an additional $181 million burned in gas fees.

If accurate, this positions TRUMP as one of the most lucrative token launches in crypto history.

Grogan has been actively tracking TRUMP’s developments, previously raising concerns about its token allocation.

He noted that the team locked 80% of the supply in a multi-signature wallet while injecting $40 million in single-sided liquidity—a move that has drawn scrutiny.

TRUMP’s Decline Still Leaves Early Investors in the Green

Since reaching an all-time high of $75.35 on 19 January 2025, TRUMP has undergone a significant correction.

At its peak, the token’s market cap surged to $14.77 billion.

However, it dropped to 75.95%, trading at $18.34, with its market cap shrinking to $3.77 billion.

As of now, TRUMP is priced at $19.63, showing a modest 13.32% uptick in the past 24 hours, though it remains down 31.50% over the past week.

Despite this decline, early investors who bought TRUMP at its launch price of $0.1824 are still in substantial profit.

While sales remain unverified, the lingering question remains: Did the president capitalise on this windfall, and if so, will he retain the gains or share them with his supporters?