The team behind the Official TRUMP memecoin ($TRUMP) extracted between $779 million and $1.16 billion from buyers, according to an October 17 post by Ki Young Ju, founder of on-chain analytics firm CryptoQuant. “The team behind $TRUMP extracted $779M to $1.16B from buyers,” Ju wrote, adding that buyers are down 97%.

The estimates now circulating are not rival measurements of the same phenomenon. Each counts something different over a different period, and because the windows overlap while the measures differ, the three figures cannot be added together.

Three counts of one token

Ju’s chart covers January 1, 2025 to October 1, 2026. According to Finbold’s reading of it, the confirmed line — $779.4 million — combines stablecoin outflows with TRUMP sent to labelled exchanges. A dashed upper line adds tokens sent to unlabelled custody or external addresses, a top slice of roughly $381 million, which accounts for the gap between the post’s $779 million and $1.16 billion figures. Ju’s post does not list the wallets behind the figures, TokenPost noted.

EmberCN’s count is narrower. On October 3, the on-chain analyst reported that team-linked wallets sent about 81.87 million TRUMP to exchanges including Binance and OKX over the previous eight months — about $249 million at an average price near $3.04, CCN reported. That measure counts tokens deposited, not proceeds.

Reuters’ figure is a different measure again. Its June 9 investigation estimated that the Trump family made about $616 million from TRUMP, out of roughly $12 billion in revenue the coin generated, and that buyers lost more than $700 million as of April 30. That estimate runs through April 30, 2026 and counts the family’s share, not every project-linked wallet.

Plotted on a single axis in US dollars from 0 to $1.2 billion, the three bars each represent something different: Ju’s flows to project-linked wallets from January 1, 2025 to October 1, 2026; EmberCN’s exchange deposits over roughly eight months to October 3, 2026; and Reuters’ family proceeds through April 30, 2026, alongside the roughly $1.2 billion Reuters says the coin generated in total.

What Ju’s chart counts and the flat line

On the chart, the confirmed line rises in steps through 2025 and then flattens, as Finbold also describes, while the dashed line keeps climbing. EmberCN’s $249 million of deposits falls within the eight months to October 3, 2026. If those deposits were included in the confirmed line, that line should have kept rising through 2026, so on their face the two datasets do not line up. The deposits may sit in the dashed line, the two analysts may be tracking different wallets, or the line may be less flat than it appears. Without Ju’s wallet list, there is no way to tell which.

The chart also does not show how a transfer became a dollar figure. A deposit is not a sale: tokens sent to an exchange can also support liquidity provision, custody or collateral use, CCN noted. And the dollar value of the same transfer moves considerably with the price used to value it.

Who the site says owns the allocation

“Team” in these estimates points to the entities the official gettrumpmemes.com site says hold the 80% of supply set aside for creators. It names them and says who receives the trading revenue.

• CIC Digital LLC — described by the site as an affiliate of The Trump Organization. Together with Fight Fight Fight, it holds the 80% allocation on a three-year unlock schedule and receives trading revenue.
• Fight Fight Fight LLC — co-holds the 80%. Its owner, Celebration Cards LLC, receives trading revenue and uses the TRUMP name and Donald Trump’s likeness under a limited licence.

The site also carries a disclaimer stating that TRUMP is not distributed or sold by Donald Trump, The Trump Organization or their affiliates or principals. An earlier Coindoo review of the companies behind TRUMP’s allocation and revenue arrangements covers the roles in more detail.

How much is left

TRUMP has a maximum supply of 1 billion tokens: 200 million were available at launch in January 2025, with the rest released over 36 months, according to the site. EmberCN’s figure of about 718 million tokens still with the team is the 800 million allocation minus the 81.87 million it counted, so it includes tokens that may not have unlocked yet.

CoinMarketCap’s circulating supply of 281.86 million is almost exactly the 200 million from launch plus EmberCN’s 81.87 million — a match that suggests the two track the same tokens, though neither source says so. The project said in its July 15 update that about 67% of supply had unlocked, while CoinMarketCap counts about 28% as circulating — leaving at least about 39% of supply unlocked but not counted as circulating.

The same update said less than 9.6% of total supply, drawn only from tokens that had already unlocked, is expected to be deployed, sold, distributed or otherwise monetised over the coming months. It also said about 5% of previously unlocked tokens had been deployed, sold, distributed or monetised since the February update, with listed purposes including partnerships, acquisitions, opportunistic dispositions and ecosystem initiatives. At $1.70, 9.6% of the one-billion maximum supply — about 96 million tokens — would be about $163 million.

For scale, 718 million tokens at $1.70 would be about $1.2 billion on paper. That is 2.5 times the circulating supply and, at the last 24 hours’ volume of about 136 million tokens ($231 million), more than five days of total trading. The paper value says little about what an actual sale would raise.

What the price does and doesn’t say

TRUMP traded near $1.70 on October 18, 97.7% below its $75 high of January 19, 2025, according to CoinMarketCap. That is the decline for a buyer at the peak, and it matches Ju’s “down 97%.” No source here gives an average across buyers. Reuters put buyers’ losses, realised and unrealised, at more than $700 million as of April 30, and CoinMarketCap lists about 689,000 holders.

Today’s price is also 44% below the $3.04 average at which EmberCN valued the team’s exchange transfers. And a fall in market value is not cash taken out: CoinMarketCap’s $480 million market cap is simply a price multiplied by circulating supply.

One wallet list and two November dates

The project publishes a daily unlock schedule on its site. If Ju publishes his wallet list, comparing it with the addresses EmberCN tracked would show whether the two counts follow the same wallets. The site’s Coin Club also runs holder leaderboards: the next snapshot is November 12, ahead of a November 22 gala dinner in Washington, and the site says selling an entire position removes a holder from all active leaderboards.

The first thing to settle is which wallets sit in each count. Until then, the three numbers answer three different questions: what moved to exchanges, what flowed to project-linked wallets, and what the Trump family took.

This article is provided for informational purposes only and does not constitute financial or investment advice.