Crypto exchanges listed the TRUMP memecoin four days after its launch on average, compared to 129 days for other major memecoins, Reuters found.
US President Donald Trump’s cryptocurrency venture, the Official Trump (TRUMP) memecoin, has generated multimillion-dollar gains for crypto exchanges, in addition to profits for its creators.
Launched just about six months ago, the TRUMP memecoin has generated at least $172 million in trading fees for 10 crypto exchanges, including Binance, Coinbase, OKX and more, according to a Reuters report on Monday.
In listing TRUMP, some exchanges reportedly disregarded the fact that 80% of the coin’s supply was held by the Trump family and its partners, an issue they’d previously seen as a red flag for exchanges due to its concentrated supply.
