Trump Memecoin Surges 3200% Amid Controversy and Regulatory Scrutiny

Coin WorldFriday, Mar 7, 2025 7:53 am ET

1min read

Donald Trump’s cryptocurrency project, the Official Trump (TRUMP) memecoin, has generated significant revenue since its launch. The project has earned at least $350 million, with $314 million coming from token sales and $36 million from fees on the Solana blockchain. The memecoin’s official website, Gettrumpmemes.com, indicates that The Trump Organization-affiliated CIC Digital and Delaware-based Fight Fight Fight collectively own 80% of the tokens. However, Trump’s personal profits from this venture remain unclear.

The TRUMP memecoin was launched just days before Trump’s return to the White House on January 20. The initial launch involved minting 1 billion TRUMP tokens, with the first 200 million released in the first batch and the remaining 800 million set to be released over the next three years. According to the analysis, 158 million tokens were deposited into a liquidity pool, allowing traders to buy the memecoins on the open market in exchange for Circle’s USDC stablecoin.

The analysis suggests that the Trump-linked accounts sold the first 100 million Trump tokens the day after the memecoin’s launch at a price below $1.05. After withdrawing the initial USDC earned from the sale, Trump wallets placed $291 million in USDC back into another liquidity pool, apparently to support the market. The report also mentioned that the pools sent about 14.7 million Trump tokens to 10 exchanges, including Binance, Bybit and coinbase. The Trump accounts spent $1 million on buying their own token at $33.2 on January 19 and January 20 to stabilize the price amid the TRUMP decline following the launch of Melania Trump’s MELANIA memecoin.

The TRUMP memecoin has sparked significant discussion within the crypto community, particularly due to its alleged role in triggering 700 copycats and potentially contributing to the Libra token scandal. House Democrat Representative Sam Liccardo has publicly criticized the concept of presidential memecoins, proposing draft legislation to ban officials and their families from such activities. On March 5, Assemblymember Clyde Vanel introduced a bill establishing criminal penalties for memecoin rug pulls to protect investors. Financial regulators, including the Securities and Exchange Commission, have reiterated that memecoins do not fall under securities

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