Key Takeaways:
- Trump gave contradictory responses about profiting from the Official Trump (TRUMP) memecoin, while entities tied to him hold 80% of its supply.
- The token, once valued at $73.43, has dropped 85% but surged briefly on a promise of dinner with Trump; it currently trades at $11.35.
- Trump reaffirmed his pro-crypto stance, while critics raise concerns over conflicts of interest and potential political influence.
In a May 4 interview, President Donald Trump gave mixed answers about profiting from the TRUMP memecoin, a cryptocurrency launched shortly before his return to the White House.
Initially denying any profit, Trump later appeared uncertain, admitting he hadn’t checked and offering vague comments about stock ownership and gains.
Welker: You branded your own cryptocurrency. The value actually surged recently after it was announced that top holders would have dinner—
— Acyn (@Acyn) May 4, 2025
Trump: What did it surge to.. To what number?
Welker: 14.32
Trump: What? Billion?
Welker: No, dollars
Trump: Billion dollars? pic.twitter.com/p02Z1F3mv2
The token, which peaked at $73.43 on Jan. 19 but now trades at $11.35, is tied to CIC Digital LLC and Fight Fight Fight LLC—companies linked to Trump that control 80% of the 1 billion token supply.
A recent unlock on April 18 transferred $454 million worth of tokens to CIC Digital.
The project has reportedly generated over $350 million.
Critics, including some Republicans, have voiced concerns over conflicts of interest and Trump’s light-touch regulatory stance on crypto.
A recent promotion promising dinner with Trump for top token holders added fuel to the controversy.
While Trump reaffirmed his support for crypto, positioning it as a strategic advantage over China, he dismissed concerns about donating earnings from the project, questioning why he should give up personal gains tied to his presidency.
The interview underscored his inconsistent messaging and growing scrutiny over his deepening ties to the crypto space.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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