Coinbase Director Conor Grogan suggests that President Donald Trump and his team may have earned over $800 million following the launch of the TRUMP meme coin. Grogan indicates that Trump's team moved over $482 million in TRUMP, SOL, and USDC to various crypto exchanges. He notes that the team has about $240 million worth of USDC in out-of-range liquidity pools and earned $29 million in USDC through fees. Grogan believes the profits could be higher as he did not include earnings from other wallets, Meteora liquidity pools, and fees. The TRUMP meme coin has been one of the most successful launches in the crypto industry. However, TRUMP has experienced a significant correction since its peak, currently down 75.95% from its all-time high. Despite the plunge, early investors who acquired TRUMP at its opening price are still in profit.



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