The memecoin $TRUMP , launched just six months ago, has already generated significant fees for exchanges. Platforms like #Binance , Coinbase, and OKX earned at least $172 million from its trading.
Although 80% of the total supply of the memecoin was controlled by the Trump family and their partners — this did not stop major exchanges. Previously, such concentration was considered a troubling signal, which could have prevented the token from being listed.
Nevertheless, $TRUMP became an extremely profitable asset — though not for everyone. According to the report, 45 wallets earned around $1.2 billion trading this token. However, the remaining 712,777 addresses collectively lost $4.3 billion.
TRUMP was listed faster than any other
Exchanges added #TRUMP to trading much faster than other popular memecoins, such as $PEPE , Bonk, and dogwifhat.
While on average, listing on centralized exchanges takes about 129 days, TRUMP gained access to trading in just four days. The analysis included platforms such as Binance, Coinbase, OKX, Bybit, Gate.io, Bitget, MEXC, Upbit, Crypto.com, and HTX.
Some of them, including Bitget, MEXC, and Coinbase, explained the rush as 'huge demand' for the Trump token.
Coinbase made the decision in one day
While on average, exchanges took about four days to list TRUMP, Coinbase made the decision in just one day.
"Based on open data, we were confident that users would be able to safely and positively interact with this token," said Coinbase's chief legal officer Paul Grewal.
Nevertheless, the exchange added TRUMP to the experimental tokens section — with a warning about risks, including potential price volatility.
Additionally, despite the quick response, Coinbase restricted trading access to the token for some residents of the U.S.
Coinbase blocked access to the TRUMP token for New York residents. The reason is the potential risks associated with the warning from the New York State Department of Financial Services (NYDFS), published on January 16 — a day before the memecoin's launch.
NYDFS then issued a warning about the risks associated with memecoins, calling them 'virtual assets dependent on sentiment.' The regulator pointed to potential consumer losses, pump and dump schemes, wash trading, and other forms of manipulation.
Some exchanges, including MEXC and Bitget, admitted they ignored previous concerns about the centralization of the TRUMP token. The main goal was to satisfy demand from traders.
"80% with the team, even considering a slight delay before unlocking — this, in my opinion, is very risky," said Bitget CEO Gracie Chen.
New data on CEX profits from TRUMP emerged after several months: it was then estimated that the creators of the memecoin earned at least $314 million from sales and another $36 million from commissions in Solana — all within the first three months since launch.
