FT "Official Trump token revenue at least $350 million... fees alone $36 million"

U.S. President Donald Trump's meme coin Official Trump (TRUMP) project has reportedly generated over $350 million (approximately 500 billion won) in revenue since its token launch.

The Financial Times (FT) reported on the 6th (local time) that "analysis of blockchain data shows that wallets held by the Official Trump project operators generated massive profits during the three weeks following the token's launch in January." FT stated, "(The Official Trump project) generated $350 million in revenue on the Solana (SOL) network alone," adding that "it likely earned additional profits through distributed sales on centralized exchanges (CEX) such as Binance."

Specifically, the Official Trump project earned about $314 million in revenue from token sales on the Solana network. It made $36 million in fees. FT noted that "it remains unclear whether these profits translated into personal gains for President Trump."

Currently, 80% of the Official Trump circulating supply is held by Trump Group affiliates CLC Digital and FightFightFight. FT reported, "Experts have warned that (Official Trump's) cryptocurrency sales could essentially serve as a mechanism for delivering anonymous donations to Trump while potentially exploiting individual investors."