Donald Trump's TRUMP memecoin has generated at least $11.4 million in fees for entities associated with the former president. Launched on January 17, the memecoin quickly gained traction in the crypto community, reaching a market cap of over $14 billion. The token was launched on the DeFi platform Meteora and sponsored by CIC Digital LLC and Fight Fight Fight LLC, both closely connected to Trump. These entities control 80% of the token's supply, locked in liquidity pools and set to unlock over the next three years. The fees generated came from liquidity provided to support trading activity. The memecoin has gained attention from the ETF market, with Rex Financial and Osprey Funds filing with the SEC to create a $TRUMP ETF. Critics argue that memecoins tend to lose value over time, but the changing regulatory climate under the new administration may open doors for such ETFs. Despite criticism, the success of the Trump memecoin launch has been unprecedented, surpassing daily fee figures of past meme coins.



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