U.S. President Donald Trump has accumulated $802 million in digital assets through the launch of the TRUMP memecoin, according to Coinbase director Conor Grogan. Over half of these assets, worth $482 million, have been transferred to exchanges. The Trump team holds $240 million in USDC stablecoins and has generated over $29.3 million in USDC fees. The TRUMP memecoin's value has dropped to just over $18.5 billion, and its launch has sparked increased interest in cryptocurrency, as shown by rising search volumes for related terms. However, the frenzy highlights the risks associated with such digital assets.



Other News from Today