- Donald Trump denies personally profiting from the TRUMP token, despite reports showing that wallets linked to his businesses hold about 80% of the total token supply
- While the token’s value has surged and generated significant fees, the Trump organization remains actively connected through affiliated companies, exclusive events, and public appearances by family members.
Donald Trump is currently addressing claims that he is personally profiting from the TRUMP token, a digital currency that was launched shortly before his presidential inauguration. While the TRUMP token has recently seen a rise in its market value, Trump insists that he is not directly benefiting financially from its performance or from trading it.
What’s Happening with the TRUMP Token
Looking at recent market information, the price of the TRUMP token has gone up by 20% over the past month. Additionally, a recent report from Chainalysis suggested that those associated with the TRUMP token earned a significant amount of money, approximately $900,000, from fees within a two-day period. These fees are often generated when people buy or sell the token.
However, when asked about these reports and the profit potential, President Donald Trump denied that he was making money from the TRUMP. In an interview with NBC News, he stated that he hadn’t even checked the token’s performance in the market.
He suggested that any financial benefit would be more like an indirect outcome, similar to how a person who owns stock in a company might see the value of their stock increase if they do a good job and the company thrives. He said, “I’m not profiting from anything,” and added,
If I own stock in something, and I do a good job, and the stock market goes up, I guess I’m profiting.
Despite his denial of direct personal profit, it has been reported that a substantial amount of the TRUMP are held in digital wallets that are under the control of companies linked to Donald Trump. These companies include CIC Digital LLC and Fight Fight Fight LLC. These same companies are also involved with managing Donald Trump’s collection of NFTs, or non-fungible tokens. Together, these companies reportedly control a significant majority of the TRUMP, holding about 80% of the total supply.
Beyond the financial aspects and ownership structure, there have been other developments that connect the TRUMP token to the Trump organisation. For instance, the White House recently announced that the 220 individuals who hold the largest amounts of the TRUMP token will be invited to attend a dinner with the President. This move has been seen by some as an acknowledgement of the token and its holders. In order to attend the private dinner, you must be within the top 220 holders.
This means you need at least 27,810.12 $TRUMP, which amounts to $357,916.24 for dinner, as reported by a reporter for the TRUMP meme official page. Furthermore, Eric Trump, who is the son of Donald Trump, is scheduled to be a featured speaker at a major technology conference called Consensus 2025, which is planned to take place in Toronto. These events suggest a degree of interaction and engagement between the Trump family and those involved with the TRUMP token. TRUMP is currently trading at $11.11, up 2.51% in the last 24 hours.