President Trump may have printed $ 800,000,000+ in profit since the launch of official memecoin: Coinbase Director

Based on the launch of his memecoin, President Donald Trump might have inked greater than $ 800 million, in response to Coinbase director Conor Grogan.

The official Trump (Trump) Memecoin launched mid -January just a few days earlier than Trump’s presidential inauguration.

It’s already the fortieth largest crypto-active per market capitalization.

Grogan notes On the social media platform X, the staff of the venture $ 482 million has despatched to the Stablecoin USDC, Solana (SOL) and Trump to trade. He additionally says that they’ve $ 240 million USDC in liquidity exterior of attain and $ 50 million in attain, they usually have earned $ 29.3 million from USDC prices.

The Coinbase director additionally says that he doesn’t take the $ 16 billion in Trump that the staff nonetheless incorporates.

“This $ 800 million + liquidity occasion dwared even the Bored Ape otherside launch ($ 285 million collected + $ 181 million in burned fuel). And I do not even take the launch of Melania Meme …

Topic: They might not have bought all of the crypto they’ve despatched to exchanges, however I’m additionally fairly conservative in different areas (for instance, not counting Trump LP Meteora prices or portfolios that I’m much less positive of). “

Trump acts at $ 19.28 on the time of writing. The controversial memecoin has risen by greater than 12.5% ​​over the previous 24 hours, however has fallen by greater than 36% within the final seven days.

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