Exchanges fast-tracked TRUMP memecoin listings despite ownership concerns, generating massive fees as retail investors face steep losses on the presidential token.
Major crypto exchanges earned $172 million in trading fees from Donald Trump’s TRUMP memecoin, according to a Reuters analysis. The token saw express listings on 8 of 10 top platforms within 48 hours – compared to 129 days average for other memecoins – despite 80% supply being controlled by Trump affiliates.
While 45 wallets profited $1.2 billion, Bubblemaps data shows 712,777 holders now face $4.3 billion in collective losses as TRUMP trades 87% below its $75 peak. Exchange executives cited overwhelming demand for justifying the rapid listings, with Bitget’s CEO acknowledging but overriding concerns about concentrated supply risks.
The token’s controversial launch in January saw immediate backlash, with critics warning about potential pump-and-dump risks. TRUMP currently trades at $9.43, down 2.6% daily, as the market digests the lopsided distribution of profits versus losses among holders.
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