Donald Trump has reported earning $635 million in royalties from the $TRUMP meme coin, a figure that comes from a financial disclosure filing.
How the money machine works
The $TRUMP meme coin launched in January 2025 with 1 billion tokens created at inception. Roughly 800 million of those tokens were retained by Trump-affiliated entities, meaning insiders kept 80% of the supply before retail investors ever got a chance to buy in.
The token’s revenue streams have included token allocations, trading fees, and royalties. Reuters has estimated total earnings from the project at approximately $616 million, with the $635 million figure reflecting the broader scope captured in Trump’s financial disclosure, which encompasses related crypto ventures.
Shortly after launch, the token surged to a peak above $72. The token has since cratered more than 96% from its all-time high. Trump-affiliated entities reportedly earned hundreds of millions while retail investors collectively lost more than $700 million.
