According to reports, U.S. President Donald Trump has amassed $802 million in digital assets since launching the TRUMP meme coin just over two weeks ago, creating a liquidity event that dwarfs previous crypto milestones. Coinbase director Conor Grogan revealed on February 3 that the Trump team has transferred more than half of these assets—$482 million—to exchanges, including USDC, SOL, and meme coins.
Breakdown of Holdings
Grogan's analysis shows that the Trump team currently holds $240 million in USDC stablecoin as out-of-range liquidity, with an additional $50 million in-range. The team has also generated over $29.3 million in USDC fees from transactions. Notably, they continue to hold TRUMP meme coins worth approximately $16 billion. Grogan commented, 'This $800+ million liquidity event puts even the Bored Ape Otherside launch ($285 million raised + $181 million in gas burned) to shame. And I haven't even included the Melania meme launch.' He clarified that while the team may not have sold all the crypto sent to exchanges, his estimates remain conservative in other respects.
Price Volatility and Market Impact
The TRUMP meme coin surged to over $70 in the hours before Trump's inauguration but has since entered a downtrend. By February 3, the token had fallen below $20 for the first time since January 18, with its market capitalization dropping to approximately $18.5 billion. Despite the price decline, the launch sparked unprecedented public interest in cryptocurrencies. Analysis by NFT Plaza reveals that searches for 'crypto' jumped 203% over the past year, while 'buy crypto' soared 376%. More specific phrases like 'how to buy meme coins' and 'best meme coins to buy' saw an astonishing 9,900% increase in search volume.
Risk Warning Amid the Mania
Chris Thomas, spokesperson for NFT Plazas, noted that the TRUMP meme coin launch 'exemplifies the uncertainty inherent in cryptocurrency investments, where rapid price swings and high speculation can lead to significant financial risks.' He stressed that while the memecoins of Trump and his wife generated a temporary surge of interest, the frenzy serves as a stark reminder of the risks associated with such digital assets. From the accumulation of $802 million to the subsequent price collapse, the TRUMP meme coin has become one of the most closely watched cases in the crypto market in 2025, surpassing prior meme coin phenomena in both scale and impact.