PANews July 14 news, according to Cointelegraph citing Reuters, the Trump-themed meme coin TRUMP has generated $172 million in trading fees for 10 exchanges. The token was listed on exchanges just 4 days after its launch, significantly shorter than the average review period of 129 days for similar tokens. Coinbase decided to list it in just 1 day but prohibited New York residents from trading to avoid local regulatory risks. Data shows that 80% of the TRUMP token's supply is held by the Trump family and its partners, with 45 wallets profiting $1.2 billion from trading, while 712,000 wallets collectively lost over $4.3 billion. The token has fallen 78% since reaching its all-time high in January. Previously, the Financial Times estimated that the project team profited $314 million from token sales, with $36 million in transaction fees on the Solana chain.
