The Official Trump (TRUMP) meme coin, launched by US President Donald Trump, may have generated over $802 million since its launch in January, according to Coinbase Director Conor Grogan. The team has transferred $482 million worth of USDC stablecoin, Solana (SOL), and TRUMP to exchanges, while holding $240 million in USDC and $50 million in active liquidity. They have also accumulated $29.3 million in USDC fees. The analysis does not account for the $16 billion worth of TRUMP tokens that the team still retains. The launch of the Official Melania (MELANIA) meme coin could further increase the financial impact. Critics have accused Trump of leveraging pro-crypto policies for personal gain, and two congressional Democrats have urged regulators to investigate TRUMP and MELANIA meme coins, citing concerns of fraud and conflicts of interest.



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