The TRUMP token is incredibly thrilled that it has helped major cryptocurrency exchanges rake in massive profits — a staggering $172 million! Everyone seems to be winning here: the creators of the TRUMP memecoin, who have earned a hefty income; US President Donald Trump, after whom the coin is named; and, of course, the trading platforms themselves.
According to expert estimates, the TRUMP memecoin, launched six months ago, has generated $172 million in trading fees for ten major crypto exchanges, including Binance, Coinbase, and OKX.
However, there are some caveats. Analysts point out that during the listing of TRUMP, some platforms overlooked the fact that 80% of the tokens were owned by Donald Trump’s family and its partners. Previously, this share of ownership would have been a barrier to listing on these platforms, but this issue has been resolved.
Still, there was a notable discrepancy in how long it took exchanges to list Official Trump compared to other major memecoins like PEPE and BONK. On average, the top ten exchanges took 129 days to list these coins. In contrast, it took just four days for TRUMP to be listed.
The rapid listing of the TRUMP token was explained by executives at exchanges like Bitget, Coinbase, and MEXC as a response to overwhelming demand for the memecoin. Moreover, the TRUMP token was added to the list of so-called experimental coins — a move justified by its high volatility and the “significant risk of price fluctuation,” experts note. Nonetheless, some analysts are predicting a bright future for the TRUMP memecoin.
