Coinbase Director Says Trump Has Profited Over $800 Million From Its Meme Coin
Coinbase Director Conor Grogan stated that US President Donald Trump and his team may have earned over $800 million after launching TRUMP coin. In a post on X today, Grogan said that Trump and his team earned $802 million through TRUMP-related transfers, liquidity events, and fees. Since the launch of Memorandum Coin on January 18th, the Trump team has transferred over $482 million worth of TRUMP, SOL, and USDC to cryptocurrency exchanges such as Binance, KuCoin, and OKX. Grogan pointed out that although the team sent these tokens to the exchanges, it is unclear whether they have been sold.
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