Grand Theft America / Receipt money-2025-01-17-003
Trump launches the $TRUMP meme coin
Trump launched the $TRUMP meme coin on Solana days before his inauguration; entities tied to the family hold a large share and collect trading fees.
What happened
By mid-2025, wallets tied to the project had collected an estimated $324M+ in trading fees (Chainalysis); Trump's 2025 financial disclosure reported $636M tied to the memecoin, part of over $1.4B from crypto ventures. The token later fell ~97% from its peak; analyses estimate hundreds of thousands of buyers lost money.
Why it matters
The Trump family and affiliated entities launched the $TRUMP meme coin and, through entities holding a large tranche and collecting trading fees, disclosed roughly $636M in related value. Because buyers worldwide, including foreign nationals, can enrich a sitting president directly by trading a token tied to his name, it raises an unprecedented conflict over largely untraceable payments to the president.
Receipt details
- Sell the office
- Realized income
- $636M
