Trump’s memecoin rakes in $802 million yet suffers 76% drop from peak

President Donald Trump’s memecoin has reportedly generated much than $802 cardinal since its debut, according to Coinbase manager Conor Grogan.

Grogan pointed out that the project’s squad has funneled implicit $482 cardinal worthy of USDC, SOL, and TRUMP tokens to exchanges.

Meanwhile, $240 cardinal successful USDC sits successful out-of-range liquidity, with an further $50 cardinal actively successful range. Transaction fees unsocial person brought successful implicit $29.3 cardinal successful USDC.

Grogan suggested that the nett borderline mightiness beryllium importantly higher arsenic the project team inactive retains a important $16 cardinal worthy of TRUMP tokens and because:

“Not counting Trump LP meteora fees oregon wallets I’m little definite of.”

Grogan’s estimates bash not see Melania Trump’s meme token launch.

This revelation highlights however profitable the President Trump token motorboat was. According to CryptoSlate’s data, the token’s worth rapidly spiked to a caller all-time precocious of $75.35 pursuing its instauration connected Jan. 18.

However, it has been connected a downward inclination successful caller days amid the broader crypto marketplace volatility. The token has shed astir 18% of its worth during the past time to nether $20, and its play losses present transcend 30%. The token is down 76% from its peak.

The station Trump’s memecoin rakes successful $802 cardinal yet suffers 76% driblet from peak appeared archetypal connected CryptoSlate.