Meme Coin TRUMP has generated a total of $172 million in trading fees for 10 cryptocurrency exchanges

According to Cointelegraph citing Reuters, the Trump themed Meme coin TRUMP has generated $172 million in transaction fees for 10 exchanges. After the token goes online, it only takes an average of 4 days to log in to the exchange, which is much lower than the average review period of 129 days for similar tokens. Coinbase decided to go live in just one day, but banned New York state residents from trading to avoid local regulatory risks. The data shows that 80% of the supply of TRUMP tokens is held by the Trump family and its partners, with 45 wallets making a profit of $1.2 billion through transactions, while the total loss of 712000 wallets exceeds $4.3 billion. The token has fallen 78% since reaching a historical high in January. Previously, the Financial Times estimated that the project party made a profit of 314 million US dollars through token sales, and Solana's on chain fee income was 36 million US dollars.