President Trump Dismisses Claims of Profiting From TRUMP Token

Donald Trump is pushing again towards claims that he’s making the most of the TRUMP memecoin, his official cryptocurrency that launched days earlier than his presidential inauguration.

Chainalysis just lately reported that the TRUMP token earned $900,000 in charges in a two day span for its backers.

The wallets of the biggest holders of the token are managed by CIC Digital LLC, an entity additionally used for his NFT assortment, and Fight Fight Fight LLC, which is co-owned by CIC Digital. Collectively, they personal 80% of the TRUMP tokens.

“I’m not profiting from anything,” Trump mentioned throughout an interview with NBC News, including that he hadn’t seemed on the token’s efficiency and that any monetary advantages can be incidental. “If I own stock in something, and I do a good job, and the stock market goes up, I guess I’m profiting,” he mentioned.

The TRUMP token has seen sturdy market exercise in current weeks. It’s at present buying and selling round $11.20, a major drop from its all-time excessive of $44.19, however nonetheless up 20% over the previous month.

Recently, the White House introduced that the biggest 220 holders of the $TRUMP token can be invited for dinner with the President.

Eric Trump, the son of President Trump, will likely be a headline speaker at Consensus 2025 in Toronto.