Data: Meme coin TRUMP has generated $172 million in transaction fees for 10 exchanges

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ChainCatcher reports that, according to Cointelegraph, the Trump-themed meme coin TRUMP created $172 million in trading fees for 10 exchanges. After listing, the token averaged only 4 days to be listed on exchanges, far below the average review cycle of 129 days for similar tokens. Coinbase decided to list it in just 1 day but prohibited trading for New York state residents to avoid local regulatory risks.

Data shows that 80% of TRUMP token supply is held by the Trump family and its partners, with 45 wallets profiting $1.2 billion through trading, while 712,000 wallets collectively suffered losses of over $4.3 billion. The token dropped 78% after reaching its historical high in January.

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