![](https://financelane.com/wp-content/uploads/2024/01/donald-trump-labeled-wallet-has-over-1m-of-trump-meme-coin.jpg)
The tokens were issued in August, and Trump’s wallet originally received $7,100 of TRUMP from the meme coin’s developers between August and October 2023. Sending tokens to a popular entity’s wallet is sometimes used as a marketing strategy by meme coin makers, as they can attract eyeballs – and buying interest.