The post Donald Trump Breaks Silence on $TRUMP Token Profits appeared first on Coinpedia Fintech News
Donald Trump is once again making waves in the crypto world — but this time, it’s not for launching a new token. In just 100 days back in office, Trump’s meme coin, $TRUMP, has generated over $320 million in profits for entities linked to him. Launched just before his return to the White House, the coin’s value skyrocketed.
Top investors are even being promised a private dinner with Trump, adding to the buzz. But as regulators soften their stance on crypto, experts are raising concerns about whether a sitting president should profit from such ventures.
Trump’s Conflicting Comments on Profits from TRUMP Coin
In a recent NBC News interview, Trump gave conflicting responses when asked if he was profiting from his memecoin, Official Trump (TRUMP). Initially, he claimed he wasn’t making anything from it. Moments later, he admitted, “I haven’t even looked,” adding that if his stock went up while doing a good job, “I guess I’m profiting.”
Trump’s team denies any conflict of interest, but with billions in potential earnings tied to these tokens, along with crypto deals involving his brand — like a $2 billion investment from Abu Dhabi — concerns over ethics and influence continue to grow.
Token Surge and Sharp Decline
The token, which launched on January 17, 2025, peaked at $73.43 just before Trump’s inauguration. However, it has since fallen nearly 85%. Despite this, the coin experienced a spike recently after Trump promised a private dinner to top holders on May 22, 2025. As of now, it trades at approximately $11.35.
Trump’s Entities Control 80% of TRUMP Token Supply
Although Trump downplays his involvement, two entities tied to his business empire — CIC Digital LLC and Fight Fight Fight LLC — control 80% of the 1 billion TRUMP token supply. These holdings are locked and will be gradually released through 2028. In April 2025, CIC Digital unlocked $454 million worth of tokens.
According to a Financial Times report, the memecoin has generated over $350 million through token sales and transaction fees.
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Trump’s Support for Crypto and Growing Criticism
Trump has continued to express support for crypto, warning that without U.S. innovation, China could dominate the industry. However, some critics, including Republican senators, have questioned his memecoin dealings, arguing that they may be a conflict of interest as he campaigns for crypto deregulation.
When asked if he would donate any crypto earnings like his presidential salary, Trump responded, “I never thought of that.”
For now, Trump’s TRUMP token serves as a symbol of his ambitions in crypto — and the controversies surrounding it.
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