Donald Trump's TRUMP Meme Coin Profits for Otherside's Dwarf Bored Ape

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Two Democratic lawmakers - Elizabeth Warren and Jake Auchincloss - recently called for an investigation into the TRUMP and MELANIA tokens.

Both Trump and Melania's popularity has dropped significantly from the pre-inauguration frenzy. In addition to this, some industry experts also expect that the two meme coins will test the bottom line of regulators under President Trump's leadership.

While people continue to pay close attention, the latest disclosed data estimates that Trump has earned hundreds of millions of dollars through his self-issued meme coins.

Trump's Cryptocurrency Windfall

According to the latest update from Coinbase Director Conor Grogan, US President Donald Trump and his team may have earned more than $802 million since the launch of the official Trump (TRUMP) meme coin on January 18.

The team has reportedly moved over $482 million worth of USDC stablecoins, Solana (SOL), and TRUMP to exchanges.

In addition, they currently hold $240 million in USDC over-the-counter liquidity positions, with another $50 million in active liquidity. The team has also managed to accumulate over $29.3 million in USDC fees. It is worth noting that these figures do not include up to $16 billion worth of TRUMP tokens that the team still retains, which actually means potentially even greater profits when the market recovers in the future

Political Finance Debate

Despite the initial hype and huge trading volumes, TRUMP and MELANIA tokens have faced harsh criticism.

Meanwhile, Chainalysis previously revealed that whales dominate the two meme coin ecosystems despite continued interest from retail investors. Critics, including James Thurber, have accused Trump of using pro-crypto policies for personal gain. In addition, FinTAX warned of SEC scrutiny, tax issues and political financial risks.

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