Trump Memecoin Generates $11.4M in Fees, Sparks ETF Interest

Donald Trump TRUMP memecoin has generated over $11.4 million in fees for entities linked to the former president. The token, launched on the Solana blockchain, has also sparked ETF filings from major financial firms.

TRUMP Memecoin Dominates DeFi, Generates Millions in Fees

The TRUMP memecoin, a Solana-based digital asset tied to entities linked to Donald Trump, has rapidly gained traction in the cryptocurrency market. Since its launch on January 17, the token has amassed over $11.4 million in transaction fees, rivaling some of the most popular meme tokens in history.

According to a report from Bloomberg, the token’s launch was backed by CIC Digital LLC and Fight Fight Fight LLC, two entities associated with the former president. These organizations collectively control 80% of the token’s supply, which is locked in liquidity pools set to unlock gradually over the next three years.

Massive Trading Activity on DeFi Platforms

The TRUMP memecoin debuted on Meteora, a decentralized finance (DeFi) platform built on the Solana blockchain. The coin’s liquidity pools enable users to trade directly from their wallets while generating significant fees from each transaction.

Tarun Chitra, CEO of Gauntlet, a DeFi analytics firm, stated that the liquidity pools hosting TRUMP token transactions have “produced fees comparable to some of the best days of memecoin trading we’ve seen.”

Unlike traditional crypto exchanges, DeFi platforms remove intermediaries, allowing users to participate in liquidity pools and earn fees in return. Data from Gauntlet shows that the majority of the TRUMP token’s liquidity is controlled by the Trump-linked entities, making them the largest beneficiaries of trading activity.

At launch, 200 million TRUMP tokens were released into the market. Over time, the total supply is expected to expand to 1 billion tokens through a pre-programmed release schedule.

Trading on Centralized Exchanges and Market Volatility

Shortly after launch, millions of TRUMP tokens were transferred to centralized exchanges like Binance and OKX. Unlike DeFi platforms, centralized exchanges provide less transparency, making it difficult to track exact trading profits.

On January 19, TRUMP hit an all-time high of $80, before plummeting 60% to $28 as of press time, according to CoinGecko. Despite this decline, TRUMP remains the most successful individual memecoin launch in crypto history.

For context, Pump.fun, a popular platform for launching memecoins, once generated $16 million in daily fees across hundreds of tokens. The TRUMP token, however, has nearly matched that figure as a single asset.

Trump Memecoin ETF Filings Underway

The hype surrounding TRUMP token has extended beyond DeFi, drawing interest from exchange-traded fund (ETF) issuers. Rex Financial and Osprey Funds have both filed applications with the SEC to launch a TRUMP ETF.

If the U.S. Securities and Exchange Commission (SEC) does not object within 90 days, the fund will be automatically approved.

Additionally, the firms are seeking ETF approvals for Dogecoin (DOGE) and Bonk (BONK)—two other meme tokens that have seen major price fluctuations.

Bitwise, a major asset management firm overseeing $4.5 billion in crypto, has also filed for a Dogecoin ETF, further solidifying institutional interest in memecoins.

Regulatory Uncertainty and Market Skepticism

Not everyone is convinced of TRUMP token’s long-term viability. Nate Geraci, president of The ETF Store, warned that memecoins often lose value over time.

“Offering memecoin ETFs could damage the credibility of any firm seeking legitimacy on Wall Street,” he stated.

However, the changing regulatory environment under the Trump administration has emboldened ETF issuers. Paul Atkins, Trump’s choice for SEC Chairman, is seen as crypto-friendly, in contrast to the previous Gary Gensler-led commission, which was hostile to digital assets.

Matt Hougan, CIO of Bitwise, highlighted the SEC’s shifting stance, predicting a wave of new crypto ETF approvals in the coming months.

Despite skepticism, analysts believe memecoin ETFs could become reality if market conditions align.

“At this point,” Geraci concluded, “the SEC could approve memecoin ETFs given the right circumstances.”

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