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Meme coin TRUMP has created US$172 million in transaction fees for 10 exchanges

Internet reports that Trump-themed Meme coin TRUMP created US$172 million in transaction fees for 10 exchanges. On average, the token landed on the exchange in only 4 days after it was launched, which is much lower than the average review period of 129 days for similar tokens. Coinbase decided to go online in just one day, but banned New York State residents from trading to avoid local regulatory risks. Data shows that 80% of the supply of TRUMP tokens is held by the Trump family and its partners. 45 wallets made a profit of US$1.2 billion through transactions, while the total loss of 712,000 wallets exceeded US$4.3 billion. The token fell 78% after hitting a record high in January.

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