Trump Breaks Silence on $TRUMP Meme Coin Profits Amid Recent Gains
- Trump-themed meme coin, $TRUMP has made over $320 million in trading profits within 100 days.
- In an NBC News interview, Trump gave mixed responses about the profits from the coin, first denying it and later implying he might be benefiting.
The President of the United States, Donald Trump, has made crypto headlines again due to his appearance at NBC. Within just 100 days of being back in office, his meme coin, $TRUMP, earned over $320 million in trading profits.
The token, which was released hours before his return to the White House (inauguration), has caused a spur in the crypto market. The coins price jumped a few hours after it was announced on X.
Recently, some top buyers have been offered a private dinner with the president, creating more excitement around the token. While rules around crypto are becoming less strict, some experts worry about the president gaining money from such projects.
$TRUMP Token History
The token was launched on the 17th of January, 2025, and it immediately hit a high of $73.43 just before Trumps inauguration. After all the hype, the price dropped by almost 85% but saw a jump after Trump offered a private dinner at his Washington Golf Club to top holders on May 22, 2025. The price now trades around the $11 range, and as of the time of writing, it is trading at $11.28.
Trumps Controversial Comment on $TRUMP
Recently, the president appeared on an NBC News interview where he was asked about the earnings from his meme token. At first, he said he wasnt getting anything from it. Later, he added, I havent even looked, and said that if his stock rose while he was doing a good job, I guess Im profiting.
Even with his claims of not having any involvement in the token, two firms linked to Trumps businesses, CIC Digital LLC and Fight Fight Fight LLC, hold 80% of the total 1 billion supply. In April, CIC Digital unlocked about $454 million worth of $TRUMP tokens.
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Read more: https://www.tronweekly.com/trump-breaks-silence-on-trump-meme-coin-profits-amid-recent-gains/
Text source: TronWeekly
