Coinbase Director Says Trump Earned Over $800M Profit From His Meme Coin Launch

Coinbase Director Conor Grogan suggests that U.S. President Donald Trump and his team may have earned over $800 million following the launch of the TRUMP meme coin.

According to an X post today, Grogan indicated that Trump and his team earned $802 million through TRUMP-related transfers, liquidity events, and fees.

Details of Trumps Earnings

Since the meme coin went live on January 18, Trumps team moved over $482 million in TRUMP, SOL, and USDC to crypto exchanges like Binance, KuCoin, and OKX. Grogan noted that despite the team sending these tokens to exchanges, whether they have been sold remains unclear.

In addition, Grogan stated that the team has about $240 million worth of USDC in out-of-range liquidity pools, with another $50 million USDC currently in range pools.

For context, an out-of-range pool implies that the liquidity is not actively tradable as the assets price has surpassed a specific range set by the liquidity provider. In contrast, range liquidity is actively tradable within the specified range.

Furthermore, Grogan emphasized that the Trump team has earned a whopping $29 million USDC through fees earned from liquidity provision.

The Coinbase director suggested that the profits earned in Trumps launch could be higher, as he did not include earnings from other wallets, Meteora liquidity pools, and fees. Grogan also excluded the $16 billion worth of TRUMP tokens the Trump team currently holds.

TRUMPs Profit Surpasses Bored Ape Otherside Launch

The Trump team generated more profits from TRUMPs launch compared to the figure recorded during the Bored Ape Otherside launch. Per Grogan, the Bored Ape event raised $282 million, with an additional $181 million worth of gas fees burned.

If accurate, this makes the TRUMP meme coin one of the most successful launches in the crypto industry.

Grogan has continued to provide key updates about different aspects of the TRUMP meme coin. Recall that following the launch of TRUMP, Grogan raised concern about the tokens allocation. This includes the fact that the team locked 80% of TRUMP supply in a multi-sig wallet while adding a single-sided liquidity of $40 million.

Early Investors Still in Profit Despite TRUMPs Dip

Meanwhile, TRUMP has experienced significant correction since it peaked at an all-time high of $75.35 on January 19, 2025. At the time, the tokens market cap soared to $14.77 billion.

However, it has plunged 75.95% from its ATH to $18.34 while its market cap dropped by the same rate to $3.77 billion. At the current price, TRUMP is down 12.34% in the past 24 hours and 28.09% in the past week.

Despite this plunge, early investors who acquired TRUMP at its opening price of $0.1824 are still in massive profit.