Donald Trump Denies Claim of Profiting from TRUMP Token

Donald Trump is denying allegations that he is profiting from the memecoin TRUMP, his official cryptocurrency that launched just days before his presidential inauguration. Chainalysis recently reported that the TRUMP token has earned $900,000 in fees within just two days for its supporters. The wallets of the largest token holders are controlled by CIC Digital LLC, an entity also used for its NFT collection and Fight Fight Fight LLC, co-owned by CIC Digital. In total, they own 80% of the TRUMP token. "I don't make money off of anything," Trump said in an interview with NBC News, adding that he hasn't looked at the performance of the token and that any financial benefit is just coincidental. "If I own shares in something, and it does well, and the stock market goes up, I guess I'm making a profit," he said. The TRUMP token has witnessed strong market activity in recent weeks. Currently, it is trading around $11.20, significantly down from its all-time high of $44.19, but still up 20% over the past month. Recently, the White House announced that the 220 holders of the most $TRUMP tokens will be invited to dinner with the President. Eric Trump, the son of President Trump, will be the keynote speaker at the Consensus 2025 event in Toronto.