In a whirlwind financial spectacle that has both intrigued and alarmed the cryptocurrency community, major crypto exchanges have reportedly reaped substantial profits from the listing of the TRUMP memecoin. This official token, launched by President Donald Trump in January 2025, has fast become a controversial yet lucrative asset, generating approximately $172 million for top trading platforms. The token, which saw an express listing on major exchanges, has stirred a mix of excitement and skepticism within the market.
Exchanges Cash In on Presidential Token
According to a detailed report by Reuters, the TRUMP memecoin was embraced with unusual swiftness by some of the largest crypto exchanges, including Binance, Gate.io, and Coinbase. In stark contrast to the typically sluggish listing processes for other memecoins, the TRUMP token found its way onto these platforms within days of its release. Notably, eight of the top ten exchanges listed it within 48 hours. This rapid listing process echoes concerns raised in Massive TRUMP Token Unlock Sparks Fears as 45% of Supply Hits Market, highlighting the potential risks associated with the token’s market dynamics.
Gracy Chen, CEO of Bitget, one of the exchanges that listed TRUMP with lightning speed, remarked, “The crypto space was buzzing with the hype. It was imperative to add TRUMP to meet the overwhelming demand.” This rapid adoption, while lucrative, has raised eyebrows due to the token’s high concentration of ownership. A staggering 80% of its supply is controlled by Trump and his associates, a factor that could pose significant risks to retail investors.
A Double-Edged Sword
While the exchanges have profited handsomely, the TRUMP memecoin has proven to be a double-edged sword for investors. Despite its initial surge to an all-time high of $75, the token has since plummeted by 87.1%, currently trading at $9.43. This decline has resulted in substantial losses for a vast number of holders—over 712,000 wallets are reportedly in the red, collectively losing $4.3 billion, as per Bubblemaps data.
Yet, not everyone has faced the downturn. A select group of 45 wallets has pocketed an impressive $1.2 billion in profits over just six months, highlighting the token’s uneven distribution of gains and losses. This disparity has only fueled the debate over the ethical implications of such a centralized ownership structure.
The Path Forward
The TRUMP memecoin’s rapid ascent and subsequent volatility illustrate the unpredictable nature of the cryptocurrency market—an environment where fortunes can be made and lost in the blink of an eye. As the token continues to trade well below its peak, the question remains whether it can regain its former glory or if it will serve as a cautionary tale for future presidential ventures into the digital currency space. For further insights into the political ramifications, see CZ shares rumors linking Coinbase to Bloomberg’s Trump stablecoin report.
Moreover, the swift listing and subsequent trading frenzy have prompted discussions about the responsibilities of exchanges in vetting new tokens. While the demand for TRUMP was undeniably high, the speed of its acceptance raises questions about due diligence and the protection of retail investors in a market often characterized by its speculative nature.
As the market adjusts to this new reality, the TRUMP token’s journey will likely continue to be a closely watched saga, offering insights into the intersection of politics and cryptocurrency. Whether it heralds a new era of presidential tokens or becomes a footnote in the volatile world of digital assets, only time will tell.
Source
This article is based on: Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
