Trump Coin Crypto News: $172M Earned By Exchanges

Key Takeaways

• Trump Coin generated $172M in trading fees for 10 major crypto exchanges in just a few months.
• The token was listed 30x faster than other memecoins like PEPE or BONK.
• Despite known risks, Coinbase and other platforms moved quickly to meet demand.
• Over 700,000 wallets lost money, while a small group of wallets profited massively.
• Regulatory scrutiny and warnings from bodies like NYDFS highlight growing concerns about sentiment-driven tokens.

Massive Profits In Just A Few Months

Several major centralized exchanges (CEXs) have raked in at least $172 million in trading fees from the Trump Coin (TRUMP) token.

These profits stem from an unusually fast rollout by top exchanges, including Coinbase, Binance, OKX, and MEXC, just days after the token’s launch.

Top 7 Exchanges By Trading Volume For The TRUMP Token

Source: CoinGecko

This windfall didn’t come without controversy. Despite warnings around supply concentration, with 80% of the coin reportedly held by the Trump family and affiliates, exchanges rushed to meet soaring public demand.

Rapid Listings Defy Industry Norms

On average, memecoins like PEPE and BONK take over four months (129 days) to be listed on major platforms. But Trump Coin broke that mold entirely. Reuters reported an average listing time of just four days, with some platforms making decisions in less than 24 hours.

Which Exchanges Listed Trump Coin?

The report focused on 10 leading exchanges:

• Binance
• Coinbase
• OKX
• MEXC
• Bitget
• Gate.io
• Bybit
• HTX
• Crypto.com
• Upbit

These platforms moved quickly to respond to massive retail interest, prioritizing user demand over traditional caution.

Coinbase: The Fastest Move In The West?

Of all the exchanges, Coinbase stood out for its speed. The platform made its decision to list TRUMP within a single day, labeling it an “experimental” token.

Legal Caution and State-Level Restrictions

Despite its aggressive move, Coinbase restricted access to the memecoin for New York residents, citing a warning issued by the New York State Department of Financial Services (NYDFS) just a day before the token’s launch.

The NYDFS warning specifically referenced the dangers of “sentiment-based virtual currencies,” including:

• Pump-and-dump schemes
• Wash trading
• Market manipulation
• High volatility

These risks didn’t deter all platforms. Some acknowledged turning a blind eye to red flags due to the intense trading volume and market demand surrounding the token.

Winners and Losers: Who Profited The Most?

The TRUMP token has not only made exchanges rich, it has created a major wealth gap among traders:

• 45 wallets made over $1.2 billion in profits.
• 712,777 wallets suffered collective losses exceeding $4.3 billion.

TRUMP Price Analysis

Source: CoinGecko

This disparity raises further questions about transparency, fairness, and whether the token’s structure inherently favored insiders.

What About The Developers?

Beyond exchanges and traders, Trump Coin’s operators reportedly earned at least:

• $314 million from token sales
• $36 million in Solana fees

These figures stem from a Financial Times estimate just three months after TRUMP’s initial launch.

FAQ

What is Trump Coin?

Trump Coin (TRUMP) is a political memecoin launched in early 2024, associated with branding around Donald Trump, though official ties remain debated.

Is Trump Coin officially backed by Donald Trump?

While the Trump family reportedly holds 80% of the supply, direct official endorsement from Donald Trump has been ambiguous or strategically unverified.

Why is Trump Coin controversial?

Concerns include, supply centralization, high trading volatility, potential for manipulation, and regulatory red flags from NYDF.