Exchanges don earn $172M by listing TRUMP Memecoin for four days
Top exchanges don make over $172 million for trading fees as dem list TRUMP memecoin within average four days. This kain quick listing beat the 129-day average wey other memecoins like PEPE, BONK, FARTCOIN, and WIF dey take.
Even though people dey rush for the coin, 80% of TRUMP memecoin supply dey hold for Trump family hands, wey fit cause risk for how e dey distribute. Since e launch, 45 wallets don make $1.2 billion profit, but 712,777 addresses don suffer total loss of $4.3 billion.
The token hit $75 in January but now e dey trade for $9.43, down by 87.1% from the highest price before and 2.6% for the day. The operators self don make $314 million from initial sales and $36 million from Solana network fees. The fast listing plus big exchange revenue show say market like big name tokens, even though price dey fall sharply and supply dey concentrated fit cause wahala.
Bearish
Despite record trading fees and rapid listings, TRUMP memecoin’s steep price drop (87% below ATH) and high supply concentration (80% held by insiders) dey show say di risk for down go still continue. Big losses wey don add up for 712,777 wallets show say retail confidence no too dey. While exchanges dey enjoy fee money, traders dey face high volatility and uncertainty for how dem go distribute, wey mean bearish short-term matter and fit get long-term pressure on TRUMP memecoin.