Trump Family Gains $320M from Memecoin Despite 87% Drop
- Substantial profit from TRUMP token, including family wealth increase.
- TRUMP token price down 87% since launch.
- $321M token unlock expected in April 2025.
The Trump family achieved a $320 million profit from the TRUMP memecoin, despite its significant price drop. The token launched on Solana in 2025 and was listed on major exchanges like Coinbase. Initial skepticism from Donald Trump turned into significant involvement in cryptocurrencies. The family’s net worth increased by $2.9 billion, with approximately 40% in digital assets, according to the State Democracy Defenders Fund.
While creators and affiliated wallets saw gains, most retail investors experienced losses, with data showing over 760,000 wallets currently at a loss. Market capitalization remains strong at around $1.6 billion, but an upcoming token unlock may add pressure. The U.S. Senate is investigating for potential ethics violations, amid Democratic calls for impeachment related to the family’s crypto dealings.
There have been calls for the president’s impeachment from Democrats who scrutinized a private crypto dinner event Trump hosted at his Virginia golf club. – U.S. Senate Committee on Investigations
Historically, memecoins linked to prominent figures have shown volatility, often resulting in heavy retail losses. Meanwhile, the Solana ecosystem, which hosts the TRUMP token, is indirectly impacted by these developments.
With the continuous volatility seen in memecoins, market participants will be monitoring the effects of the upcoming token unlock closely. Experts suggest possible regulatory scrutiny concerning market practices, especially given the political figures involved. The lack of clear communication from the Trump family and associated projects continues to fuel investor uncertainty.
