Coinbase executive: Trump profits over $800 million from the Meme coin he launched

ChainCatcher news, according to thecryptobasic, Coinbase executive Conor Grogan stated that U.S. President Donald Trump and his team may have earned over $800 million following the launch of the TRUMP coin. He also mentioned that Trump and his team earned $802 million through transfers, liquidity events, and fees related to TRUMP.

Since its launch on January 18, the Trump team has transferred over $482 million in TRUMP, SOL, and USDC to cryptocurrency exchanges such as Binance, KuCoin, and OKX. Grogan pointed out that while the team sent these tokens to the exchanges, it remains unclear whether they have been sold.